Did you ever have a home renovation project that just turned into a nightmare?   Maybe you started your project by looking for a designer.  You probably met with a few and got some estimates. After reviewing the initial plans, you probably hired a designer and then it took a few more months before you received the plans. Once the plans were secured, you probably sought out a general contractor who could do the job. These guys are often busy and if the job is too small, they might not even be interested.  Maybe you ended up with three bids (more…)

We recently filed a comment letter with the SEC concerning a Cboe EDGX proposal which aimed to add a new Retail Priority Order . Our main concern with this order type was the information leakage that would occur on the exchange proprietary data feeds since the retail priority orders would be designated with a special identifier.   In addition to our letter, the SEC also received letters from an institutional investor, a market maker and a stock exchange who also expressed their concerns about this proposal. After receiving these comments, the SEC decided to institute proceedings to determine whether to approve or (more…)

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Jun, 2019