Global Head of Financial Sector Research, @BBGIntelligence. Recipient '22 STA DMP Award. Opinions are my own & not of @Bloomberg

Cape Cod, MA
Joined April 2009
I am happy to build that stuff for you, but hell no will we let our stock trade on those things :-)
“We have determined that our shares should not trade on a venue that does not display best prices in real time, report to the consolidated tape, or provide the transparency investors expect,” said a Nasdaq spokesperson wsj.com/finance/stocks/from-…
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My thoughts on AI in Trading and how it will impact the technology platforms for trading: linkedin.com/pulse/ai-tradin…
🤖 Made with AI
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Looks like @TXStockExchange got $DDS close right today :-) Either that or @Bloomberg did :-) auctions.txse.com/
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Another problem with closing Dillards ($DDS) today That 50pt drop at the close and 30pt rebound right after the close isn't what most traders would call normal
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Chatted w/@TXStockExchange folks. Seems on Monday, market makers weren't looking at them for the close, and yesterday data vendors weren't looking at them for the closing print. They just put an interesting auction webpage. Lets see what happens this eve auctions.txse.com/
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Introducing Liquid Inference by Architect, a new LLM model router where inference providers compete dynamically to offer lowest-cost tokens. Providers onboard in minutes, not weeks. Buyers have full price visibility and receive 20% of referred fees in free inference. More info: Liquid Inference can be used in place of any OpenAI or Anthropic API-compatible backend. Behind it, our team has leveraged our experience trading and building financial exchanges to create real-time two-sided price discovery for inference. Benefits for buyers and providers: INFERENCE BUYERS • Fully compatible with agentic coding tools: Claude Code, Codex, OpenCode, Cursor, Pi, Cline, and many more. Full multi-modal support. • Hundreds of open- and closed-weight models. Create routing rule presets or use our Auto routing algorithms. • Providers compete dynamically on price for every prompt, offering the lowest marginal cost. • Sign up for free with email, first 500 users get $20 of free inference. • Receive 20% of referred fees as free inference, 10% for second-level referrals. INFERENCE PROVIDERS • Onboard through the Liquid Inference app. We verify new providers in minutes, not weeks. • All prompts are OpenAI API standard. Simple REST/Websocket API to register models and quotes. • Update quotes dynamically based on your own costs. Monetize GPU capacity only when you want. • Standardize payouts via Stripe, full itemized records of all jobs performed.
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The close is the most important daily print. Over the last 20 years, & increasingly volume backs up into the close. Its considered the benchmark price. Most mgrs do most of their trading in the last 30min, and its usually the most stable part of the day. Not the last 2 days
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I think @TXSE needs to work a bit on its closing process for Dillards ($DDS) and Sun Oil (sun-token:native). Stability of the close is one of the most important functions of a listing exchange.
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I saw this and was wondering why? I wonder if this is some quid pro quo? You lay off this and we will give you that. Seems strange.
LOL. CME announced at 5pm Friday that it’s dropping plans for 24/7 oil trading over concerns about… staffing. Thought nobody would notice.
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President Trump is expected to name Director of National Intelligence Jay Clayton as the new artificial intelligence czar, spearheading AI policy across the administration. on.wsj.com/4AI0ccV
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Larry Tabb retweeted
Higher yields have meant the prices we pay on US borrowing have surpassed $1.1 trillion in aggregate — more than triple where we were during Covid and the next trillion is expected to be reached in far less time.
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Here is the replay of our third panel on Compute Futures This panel starts at 2:06:30 bloomberg.zoom.us/j/99477670…
Our final panel on compute futures. @silicondata Intercontinental Exchange @CMEGroup and @BrettHarrison at Architect.IO and moderated by our own Paul Gulberg @pgulberg .
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oh crap - try this like - sorry prod.live.blpprofessional.co…
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Here is the replay of panel II on Perps This panel starts at 1:37:00 bloomberg.zoom.us/j/99477670…
Second panel on Perpetual futures w/ @Kalshi @Cboe and @coinbase With our own @DShahrawat_ moderating.
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Here is the replay of our first panel on prediction markets Starts at 1:05:00 prod.live.blpprofessional.co…
SRO. First panel for or fall derivatives event on prediction markets. @DraftKings Susquehanna Trading (SIG) and @lathamwatkins. Moderated by our own @gutenplan10
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My armchair interview with Ex CFTC Chair Russ Benham from @BBGIntelligence US Derivatives Market Structure Event last eve. My intro starts at 27:55 - Interview starts at 30:05 prod.live.blpprofessional.co…
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