Nasdaq's TotalMarkets

Rich Mauro, Fixed Income ETF Trader at Virtu Financial, joins Nasdaq Chief Economist Phil Mackintosh to discuss trading bond exchange-traded funds (ETFs), how to value an ETF and the impact of Covid.

Jay Ritter, the Cordell Eminent Scholar at the University of Florida's Warrington School of Business, joins Nasdaq Chief Economist Phil Mackintosh to discuss the state of the IPO market, how SPACs are trending, and what the long-term returns are for companies going public in today’s market.  

Andy Nybo, Managing Director with Burton-Taylor International Consulting, joins Nasdaq Chief Economist Phil Mackintosh to discuss the state of market data, retail trading, and how proposed market structure changes may adversely affect investors on Episode 11 of Nasdaq’s TotalMarkets podcast.

Larry Tabb, Head of Research for Bloomberg Intelligence, joins Nasdaq Chief Economist Phil Mackintosh in an examination of the SEC’s NMS II plan and how the proposed changes may change our current equity markets on Episode 10 of Nasdaq’s TotalMarkets podcast.

How is money on market data really spent? How have market data costs actually increased? What do different data feeds offer and what actually causes market latency? Dan Connell and Shane Swanson from Greenwich Associates’ Market Structure and Technology Division join Nasdaq Chief Economist Phil Mackintosh to delve into their findings around market data.

Who trades ETFs and how do they trade them? What happens behind the scenes when an ETF trades? What can be done to improve liquidity for thinly-traded ETFs? ETF Strategist Andrew Upward from Jane Street joins Nasdaq Chief Economist Phil Mackintosh to give us an inside look at how ETFs trade today and how trading ETFs can improve.

What is the outlook for ETFs in 2020? How will the new ETF rule affect the industry and what should market structure look like to ensure liquidity for ETFs? Kimberly Russell, Vice President and Market Structure Specialist State Street Global Advisors, discusses her views on the ETF industry with Nasdaq Chief Economist Phil Mackintosh. They will discuss the most recent developments on the regulatory front and how things are shaping up for the year ahead.

How can we improve small-cap liquidity? What did we learn from the tick pilot? How do you define retail investing? Mehmet Kinak, Global Head of Systematic Trading, T. Rowe Price, joins Nasdaq Chief Economist Phil Mackintosh to take a deep dive into market structure and how it could be improved to make markets work better for everyone.  

What happens in the life of a trade? How do market participants decide how fast they trade and what strategies to pursue to ensure both timeliness and quality of their order fills? Enrico Cacciatore, Head of Market Structure & Trading Analytics, Voya Investment Management, joins Nasdaq Chief Economist Phil Mackintosh to discuss how strategies are developed, how lit markets benefit investors, and how buyers calculate opportunity costs.

What are Collectivized Investment Trusts (CITs) and how are they helpful for people saving for their retirement? Rob Barnett of Wilmington Trust joins Nasdaq Chief Economist Phil Mackintosh to discuss how CITs differ from ETFs and mutual funds, how they operate, and how the game has changed with the advent of searchable tickers via Nasdaq Fund Network.  

Our third podcast features former Nasdaq Chairman and CEO Bob Greifeld, who has recently published Market Mover, Lessons from a Decade of Change at Nasdaq, a memoir covering his time at the helm of the world’s most innovative exchange. They discuss some of the pivotal moments in Bob’s career, how the past decades of change have shaped the markets, and how Bob views the markets today.

James Angel is an Associate Professor at the McDonough School of Business at Georgetown University. He specializes in the market structure and regulation of global financial markets, and he has visited over 70 financial exchanges around the world. Last year he published Retail Investors Get a Sweet Deal: The Cost of a SIP of Stock Market Data, a paper that explained the value of market data to Main Street investors. He and Nasdaq Chief Economist Phil Mackintosh discuss the state of market structure and regulation, the Access Fee Pilot, market data, and how markets could be better.

Nasdaq Chief Economist Phil Macktintosh is joined by Justin Schack, Managing Director, Rosenblatt Securities. They discuss current U.S. equity market structure and how it arrived at its current state, and what can be done to make things better. They also discuss Nasdaq’s TotalMarkets agenda for improving market structure and proposals such as clarifying “Professional” and “Non-Professional” data user definitions, the possible suspension of Unlisted Trading Privileges, and other proposals.  Support the show