Market Structure EDGE Blog

Market Structure EDGE Blog

Data to Know

Data to Know

What should you know about your stock, public companies?  Well, what do you know about your business that you can rattle off to some inquiring investor while checking the soccer schedule for your twelve-year-old, replying to an email from the CFO, and listening to an...

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Data to Know

Data to Know

What should you know about your stock, public companies?  Well, what do you know about your business that you can rattle off to some inquiring investor while checking the soccer schedule for your twelve-year-old, replying to an email from the CFO, and listening to an...

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Rustling Data

Rustling Data

http://modernir.com/wp-content/uploads/2021/06/MSM063021.mp3 The Russell Reconstitution is so big everybody talks about it.  And yet it’s not.  The Nasdaq touted its role facilitating this year’s Russell reset, saying, “A record 2.37 billion shares representing...

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Fab Problem

Fab Problem

http://modernir.com/wp-content/uploads/2021/06/MSM062321.mp3 The world relies on one semiconductor company.  How did an economic ecosystem let itself get boxed in like that?  About the same way it happened in the stock market.  There’s a lesson for public companies...

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Money Highway

Money Highway

Is Jay Powell the new Investor Relations Officer for all public companies?  Before we answer, the tranquil image at right free of the Federal Reserve and all the travails of modern economics and politics (and investor relations) is Catamount Lake near Steamboat...

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Blunderbuss

Blunderbuss

Do stores sell coats in the summer?  No, they sell bathing suits. They match product to consumer.  Do you, investor-relations professionals? I’ll tell you what I mean.  First, here’s a tease:  I recorded a panel yesterday with the Nasdaq’s Chris Anselmo and Kissell...

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Rewards of Risk

Rewards of Risk

Investor relations involves risk.  And that’s good.  Don’t you mean investing involves risk, Tim? And why is it good? Well, yes, investing is a risky endeavor. But I mean the role of “investor relations,” the liaison to Wall Street at public companies, requires taking...

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Characteristic Opportunity

Characteristic Opportunity

I don’t think Harvard Business Review understands 21st century investor relations. No offense to the smart folks there.  Authors Dennis Carey, Ram Charan and Bill McNabb are world-renowned and wrote for HBR on the Changing Role of the Investor Relations Officer.  It’s...

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Your Umbrella

Your Umbrella

Leaving South Carolina is hard. It’s captivating. We had not a bad meal from Savannah to Pawleys Beach. Perfect weather (the surprising part). But always know where your umbrella is. And thanks to Steve Hufford at Blackbaud for the tip about the Angel Oak Tree south...

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Something Wicked

Something Wicked

When I was a kid I read Ray Bradbury’s novel, Something Wicked this Way Comes, which plays on our latent fear of caricature. It takes the entertaining thing, a traveling carnival, and turns it into 1962-style horror. Not 2021-style of course. There’s decorum. It stars...

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Market Structure Basics

The Math

“Making investment decisions by looking solely at the fundamentals of individual companies is no longer a viable investment philosophy.”   So said Steve Eisman, made famous in Michael Lewis’s book The Big Short, upon shutting down his new investment fund in 2014....

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Take and Make

What if exchanges stopped paying fast traders to set prices?   Oh, you didn’t know? Read on. Off Salt Island in the British Virgins is the wreck of the HMS Rhone, a steamer that sank in an 1867 hurricane. Even if you’re a snorkeler like me rather than a diver, in the...

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Race Condition

You might think today’s title is about physical fitness. Nope.   I first heard the term “race conditions” used to describe stock-trading at TABB Forum, (Editorial note: TABB Forum shut down in Mar 2020, its event business victimized by the coronavirus closure.) the...

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