Market Structure – Part II

In Part II of this Short Story, Freddy Brick and Joe Saluzzi continue their conversation on market structure. As the two dive deeper, Joe reveals a few potential changes to market structure, including a possible change in tick sizes. Could this be a sign that things are headed back to ‘the old days?’ Not as Joe sees it, especially if lobbyists have their say. Of course, no market structure discussion is complete without touching on the recent meme stock craze. Joe reveals a series of letters his firm, Themis Trading LLC, and an anonymous researcher submitted to the CBOE in opposition to a shocking revelation made about short sale disclosures. And in an attempt to settle the debate once and for all, Joe and Freddy dust off the details surrounding the theories of naked short selling.