My Conversation with Ryan Sheftel, Head of Fixed Income e-Market Making at...
I recently spoke with Ryan Sheftel who runs fixed income electronic market making for Credit Suisse. CS is taking its experience from building AES in the equities market to fixed income, leading to...
View ArticleMcPartland and McPartland: My Conversation with the Chicago Fed
I recently spoke with John McPartland, a Senior Policy Adviser at the Chicago Fed (and no, we can’t seem to find a direct relation although it seems there must be one somewhere). Here we discuss the...
View ArticleCME’s OTC derivatives clearing update (with my cameo)
Its no secret that CME is one of the few firms in contention to be a major interest rate swap and CDS clearinghouse. This is a promotional video from CME that I make a quick cameo in, talking about...
View ArticleTalking with CME about co-location and their new data center
During the same shoot for the video on OTC clearing, I spoke with CME about the demand for data center space in financial services and how that impacts their strategy for the new Aurora, IL data center.
View ArticleMaking Proprietary Trading Public: My Interview with Bloomberg TV
First KCG and now Virtu. In 2008 no one would have guessed that in 2014 automated trading firms would be publicly traded companies – but here we are. Investors have a new way of getting in on the...
View ArticleSetting FX Benchmarks with Observable Data – My Interview with CCTV America
For a market that is so electronic, using observable data to set benchmark rates shouldn’t be much of a stretch. About two weeks ago I did a taped interview for Central China TV (CCTV) America to...
View ArticleChatting with Bloomberg TV about Cheaters on Wall Street
Bloomberg TV’s Market Maker’s program had a great segment on why people cheat on everything. I was lucky enough to discuss with them the role cheating has on Wall Street – and why high frequency...
View ArticleBloomberg TV: What’s Best for High Frequency Trade Regulation?
On the heels of the Senate hearing into high speed trading, I joined Sal Arnuk from Themis Trading on Bloomberg TV to discuss the best way forward for equity market structure.
View ArticleUS Treasuries are trading electronically, but we still need bond traders
I recently spoke with Bloomberg TV about a recent Greenwich Associates research report that examined the growth in electronic trading of US Treasuries by US investors. The US Treasury market is an...
View ArticleThe GOP-led Congress will not repeal Dodd-Frank, nor should they
Early in November I chaired the FTF DerivOps conference in NY. The conversation in 2014 was a lot more about the market than it was at my first DerivOps in October 2008, when all we spoke about was...
View ArticleTalking US Treasury Market Structure with FIA
Its been way too long since I’ve posted. Funny how writing for a living makes it hard to write your own blog. Something like “the cobbler’s kids have no shoes”. Anyway, we had a great trip to Chicago...
View ArticleThe non-Liquidity Crisis and Rigged Markets
This week as my first appearance on Bloomberg’s new morning show aptly called <GO>. Great new set and a fun format. In these two separate videos, we talk about our recently published Market...
View ArticleYellen, Bond Liquidity and Why Sales Traders Matter with Bloomberg TV
This was my first time chatting with Betty Liu at Bloomberg TV, which I really enjoyed. We discussed why the Fed shouldn’t hyper focus on short term market volatility, how bond market liquidity has...
View ArticlePrice Makers and Market Makers are Not the Same
My latest Greenwich Research found that investors have seen a decline in dealer sourced liquidity, and that they’re concerned about it. It also found that more than expected are making prices in the...
View ArticleFX Market Structure, Flash Crashes and Market Making (Bloomberg TV)
My conversation with Bloomberg TV following the overnight volatility spike of the Pound. And no, I really don’t want to call it a “flash crash”.
View ArticleElectronification, Budgets and Innovation
I always have a lot of fun talking to Jim Jockle at Numerix, whether it be about quant models, financial markets or triathlons. Unfortunately they edited out our discussion of the latter, but what’s...
View ArticleWhat Technology is Doing to Banks
Another fun conversation between Jim Jockle from Numerix and I about what new technology means for banking, how it helps, how it hurts and why relationships still matter.
View ArticleAdapting to changes in the bond market (Nasdaq MarketSite interview)
The bond market increasingly goes electronic. How are investors embracing this? Kevin McPartland, Head of Market Structure Research at Greenwich Associates, joins Jill Malandrino at the Nasdaq MarketSite.
View ArticlePutting Alternative Data to Work (Nasdaq TradeTalks Interview)
Alternative data is becoming a coveted tool for institutional investors seeking alpha. But as many on the buy side can attest, turning a seemingly endless array of data into something useful can be a...
View ArticleMarket Structure Areas to Watch in 2018
Product agnostic investing (you know you want to know), data trumping trading and trying to figure out what digital means in 2018 (didn’t we figure that out in 2002?).
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