51% Of Pension Managers Say NO to High-Frequency Trading

   Excerpt below courtesy of Pensions&Investment April 14 edition, story by Christine Williamson Controversy over high-frequency trading, fomented by Michael Lewis’ new book, highlights the conflict many chief investment officers experience over the practice. On the one hand, both pension fund executives and their external money managers are grateful that the development of electronic trading […] Read More

17 April, 2014

Macro-Strategist Rareview: Pause in Mean Reversion

Below excerpt courtesy of this a.m. edition of Rareview Macro’s “Sight Beyond Sight” “..The call today by the professional community for a retracement of the recent weakness in Equities is very loud… This viewpoint disregards the fact that S&P 500 futures are already 2.5% higher than Monday’s intra-day low. The key point being is that […] Read More

16 April, 2014

Best ETF Market-Making Award Goes To..

In connection with the 1st Annual ETF Awards hosted by ETF.com, the world’s leading authority on exchange-traded funds, agency execution firm WallachBeth Capital was selected “ETF Market- Maker of the Year” by a panel of judges representing prominent firms from across the ETF industry. The announcement was made during a gala dinner held on March […] Read More

15 April, 2014

Regulators Take Aim at Maker-Taker Fees; High-Frequency Trading v.…

Excerpt courtesy of April 15 edition of WSJ and reporters Scott Patterson and Andrew Ackerman. A fee system that is a major source of revenue for exchanges and some high-frequency trading firms is coming under the heightened scrutiny of regulators concerned that market prices are being distorted, according to top Securities and Exchange Commission officials. […] Read More

15 April, 2014

ETF Adoption Continues at Brisk Pace

  Excerpt courtesy of MarketsMedia Providers of ETFs and mutual funds are using targeted marketing approaches to match the right products with the right customers. With ETFs use climbing among active investors, both retail and institutional, packagers of ETFs view the product as a low-cost vehicle for investors to access alternative strategies such as those […] Read More

14 April, 2014

US Interest Rates: Lower For Longer

Below excerpts courtesy of “Quigley’s Corner”, a daily summary of debt capital market activity from Mischler Financial Group’s Ron Quigley On the “Backpedal”, “Reverse”, “Renege”, “U-Turn”, “About-Face”…………and the FED The week’s biggest data point belongs to the release of today’s FOMC Minutes. Here are the major talking points: o Several Fed officials said “forecasts overstated […] Read More

10 April, 2014

Unemployment Data and The Goat Rodeo: Sight Beyond Sight

For macro-strategy mindsets, the below excerpt from this morning’s note courtesy of Sight Beyond Sight author Neil Azous provides a compelling read… “…Sunday, April 6th is a “Bradley Turn Date”. The Bradley siderograph – a device to predict the stock market developed in the 1940s – does not reliably predict the direction of asset prices […] Read More

4 April, 2014

Flash Boys Fight Over High Frequency: Op-Ed

MarketsMuse Editor Note: Having close on 3 decades “habitating” within the financial industry’s sell-side, this greybeard former trader turned opinionator and postulator is certainly fascinated by the spirited debate over “high-frequency trading”, not only because most of those arguing for and/or against HFT can only selectively point to lop-sided studies to defend their respective arguments […] Read More

4 April, 2014

April Not For Fools: A Macro View

Below excerpt courtesy of Sight Beyond Sight a.m. notes from macro strategy expert Neil Azous.   “…Just because today is the start of a new quarter for investors that does mean anyone should expect a pause or a reversal in the themes that ended the last quarter. If anything, the reset argues that real money […] Read More

1 April, 2014

Top Macro-Strategist Says “Now Negative on Index Levels; Bullish…

MarketsMuse Editor Note: Below comments from this a.m.’s edition of “Sight Beyond Sight” were among several that jumped off the page.. “..Conversely, Technology has moved to the “Weakening” from “Leading” quadrant and Healthcare is now exhibiting the same early stage relative weakness as Technology. The takeaway is that there is a clear rotation into defensive […] Read More

25 March, 2014

Macro-Strategy Synopsis: China is the Story, Not Crimea

MarketsMuse Editor Note: For those with a “macro mindset”, i.e. investment strategy with focus on global economic events and related opportunistic and/or risk reduction themes, a.m. note from Rareview Macro’s Neil Azous in the “Sight Beyond Sight” note  struck a chord, if only because Azous seems to be continuously ahead of the curve when it comes […] Read More

19 March, 2014

March Madness ETF Play

Courtesy of Todd Shriber/ETF Trends.com MarketsMuse Editor note: From the “what will they think of next dept..” That great American pastime the NCAA Basketball Tournament, also known as March Madness, commences Thursday.   The start of March Madness means some lost productivity for American employers as workers sneak a few minutes here and there to […] Read More

19 March, 2014

How Smart is Smart Beta?

MarketsMuse Editor Note: We keep reading and hearing about “smart beta”, including (among many others) the front page story in today’s WSJ.  Intrigued with this ever-popular ‘trend’ among professional fund managers, we noticed that Google documents 16,000 references to this phrase alone. Turning the page, we discovered the below snippet courtesy of ETFguide.com’s Ron Delegge. […] Read More

18 March, 2014

Why the Market Sold Off..

Courtesy of Josh Brown, “The Reformed Broker”  market pundit for Stocktwit and CNBC MarketsMuse Editor Note: We don’t often reference stock jockeys or media pundits, but hats off to Josh for his Mar 13 blog–its timeless!  Click the logo to left to visit his blog site Why did the stock market sell off today? ·         […] Read More

17 March, 2014

Macro-Strategy Pro’s Having Difficulty Digesting Day’s Data

MarketsMuse is pleased to profile market insight provided by Rareview Macro’s “Sight Beyond Sight” aka “SBS”, a daily debriefing of global market events, related impact on various asset classes and highlights of trading strategies proffered to some of the trading world’s “smartest folks in the room.” This morning’s e-blast to Sight Beyond Sight subscribers included […] Read More

13 March, 2014

Sec Lending and ETFs: Reading Between The [Disclosure] Lines;…

Extract courtesy of Morningstar/ Abby Woodham reporter “..A well-run index fund is typically characterized by its ability to effectively track its index, lagging only by the amount of its expense ratio. In theory, it should not be possible for an index fund to come any closer to its benchmark’s return–but some do, including funds that […] Read More

12 March, 2014

What’s Next? A Kosher ETF..

Extract courtesy of 11 March story from BloombergBusinessweek reporter Gabrielle Coppola Steven Schoenfeld staked his career on a single belief in 2010: there was latent demand in the U.S. Jewish community to invest in Israeli stocks. That year, the Wall Street veteran founded a company that would create an index that includes Israeli shares traded […] Read More

12 March, 2014

Buy-Side Trading Desks: Eye On Electronic Capabilities

   Extract courtesy of TradersMagazine / Phil Albinus Although the buyside has been known for its cautious and conservative approach to change and adapting to new market conditions, those days may be over. According to a new study by market research firm Tabb Group, the rate of change within the US buy-side equity trading desk […] Read More

5 March, 2014