During the mid/late-90s, electronic trading networks eSpeed (acquired by NASDAQ) and BrokerTec (acquired by NEX, which was then acquired by CME) rolled out central order limit booking (CLOB) for the inter-dealer trading of US Treasuries. Today, more than 80% of dealer-to-dealer Treasury volumes are electronic, the overwhelming majority of which is executed via CLOB. The […]
Category Archives: [MKTX] MarketAxess
[ADYEN] Adyen N.V.
some thoughts on Adyen
September 20, 2023
Before exploring the competitive concerns that have sent shares cratering nearly 60%, it’s worth reflecting [...]
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Continue reading →Class 1 rails
Class 1 freight rails: part 3 – Hunter Harrison, PSR, and investment implications
September 7, 2023
No analysis of the North American railroad industry would be complete without a discussion of [...]
Continue reading →Class 1 rails
Class 1 freight rails: part 2 – freight types, route structures, and growth
September 7, 2023
Part 1 of this series offers a historical survey of how today’s Class 1 rails [...]
Continue reading →Class 1 rails
Class 1 freight rails: part 1 – historical overview
August 15, 2023
In the gaseous hot ball of 19th century US rail activity roils the primordial elements [...]
Continue reading →[DNB] Dun & Bradstreet
[DNB] Dun & Bradstreet
July 25, 2023
If all you knew about Dun & Bradstreet was that it sold mission critical data [...]
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