Clik here to view.
Going Retail – Banking, Glass Boxes, and our changing relationship to money
Is this when banks become glass boxes and retail spaces? The early eighties saw dramatic changes in the banking regulatory environment. These changes fundamentally re-oriented the rules and competition...
View ArticleClik here to view.
crossing trades and odd lots
BlackRock caused a stir in 2009 when it announced its intention to increase the practice of crossing trades. It signaled to the street that they were sufficiently large to find counterparties within...
View ArticleClik here to view.
the diffusion of execution
The whiz-bang technology in markets today means that when things go wrong, they go wrong very fast –Bart Chilton, CFTC Commissioner, on the flash crash and the perceived instability of trading outside...
View ArticleClik here to view.
decimalization, make-or-take, and the markets today
Some 33% of US stock trading activity takes place outside of exchanges. Four years ago, only 20% of trading did. What does that mean? Now, only two-thirds of trading actually sets the price of a stock...
View ArticleClik here to view.
Clik here to view.
reason as a blunt instrument
Did the human capacity to reason evolve as a mechanism to acquire truth? Or was it only in the service of winning arguments? This is the question at the center of an article by Hugo Mercier and Dan...
View Article
