Themis Trading Blog

HFT Lobby Position Paper on Market Structure – and Trojan Horses

01

Oct, 2014

threat detected

 

It is quiet out there:

There has not been a major market structure failure in 2014, or at least anything of the magnitude of the 2010 Flash Crash, 2012 Knightmare, or 2013 NASDAQ Flash Freeze.

It’s been a while since we heard anything about AG Schneiderman’s dark pool and smart order router probe, or about progress on his Barclays action.

We have heard precious little from the SEC, since their daily parade of “market structure is of paramount importance” speeches in the wake of Michael Lewis’s Flash Boys.

The S&P has risen 7% this…
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Some Advice For Would-Be Corporate Bond Market Structure Reformers

26

Sep, 2014

bond

The alarms are once again sounding for corporate bond market reform.  Blackrock published a note this week warning that the corporate bond market is “broken” and stated:

“We believe that the secondary trading environment for corporate bonds today is broken, and the extent of the breakage is masked by the current environment of low interest rates and low volatility, coupled with the positive impact of QE on credit markets. Market regulators are right to call for change now, while the benign state still exists. “

​Blackrock is concerned that…
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New SEC Data Proves What We Already Knew: Small Cap Spreads Are Wide and Liquidity Is Scarce

25

Sep, 2014



Order Type Madness Part CXXIII – Thanks Bloomberg!

24

Sep, 2014



Hi Manoj!

22

Sep, 2014



The Curious Case Of Latour Trading

18

Sep, 2014



September 11th 2014 – Empty Sky

11

Sep, 2014



Consumer Federation of America White Paper on Market Structure

10

Sep, 2014



The Forgotten Group

09

Sep, 2014



Guest Post: R.T. Leuchtkafer shows how poorly informed the LewisFiction Blog Is

08

Sep, 2014



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