Understanding Wild Markets in the Age of the Virus

April 15, 2020
2:00pm - 3:00pm Eastern Time


Disney has closed its parks but there’s a rollercoaster loose in the stock market. With freakish twirls, drops and surges, equities have taken investors and IR professionals on a wild Coronavirus ride.  What’s going on?  Trillions in Exchange Traded Fund transactions aren’t counted as turnover (thus Blackrock is unchanged in your 13Fs when it trades frantically). Half the volume is borrowed. Fast Traders set prices. Arbitrage dominates trading. You can’t trust what it signals.
 
But you can see its patterns.  Join ModernIR Market Structure Analytics founder and President Tim Quast for a behind-the-scenes look at the behaviors yanking markets around.  And then Tim will guide a fireside chat and Q&A session about what’s happening – and what’s coming – with Joe Saluzzi, this era’s thought leader on market structure. Joe is partner, co-founder and co-head of equity trading at Themis Trading LLC, co-author of Broken Markets -- How High Frequency Trading and Predatory Practices on Wall Street are Destroying Investor Confidence, and a frequent market commentator for CNBC, Bloomberg News, Fox Business, the Wall Street Journal and many other news sources.

Speakers:
  • Tim Quast, President and Founder, ModernIR
  • Joe Saluzzi, Partner and Co-Founder, Themis Trading LLC