There are three breaking market structure news items, all involving the NYSE, that we would like to comment on today: 1) The SEC has approved NYSE’s speed bump for its NYSE MKT exchange.  The Commission stated: “The Commission believes the Exchange has sufficiently demonstrated that the proposed rule change is consistent with the Act, and the Commission does not find any legal basis to distinguish the Exchange’s proposed Delay Mechanism from the IEX access delay. In particular, the Commission believes that the Exchange has sufficiently demonstrated that its proposal would not be unfairly discriminatory.” Our Take:  We’re not surprised that the SEC decided to (more…)

Themis Trading typically hosts a high school intern each year during the month of May. It’s always a symbiotic relationship, and all our past interns are indeed quite special. This year we are privileged to be hosting Newark Academy’s Kiran Damodaran. He began this week sitting alongside each of us – learning how equity markets work, and how we trade for investors. Kiran is unique. He is captain of several sports teams, involved intimately in the arts, and also is the editor of his high school paper. When he expressed to us his passion for writing, and brought to our (more…)

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Mar, 2017