Market Structure Analysis
Our deep, granular market structure knowledge lets us deliver critical insight
to buy-side traders and provide analysts and portfolio managers with industry analysis
that is unlike any other sell-side offering. Because we eschew the buy-sell-hold
ratings, earnings estimates and price targets that characterize traditional Wall
Street "maintenance" research, we aren’t preoccupied with quarter-to-quarter noise.
Instead, we provide the deepest, most thorough and most accurate analysis of how
market structure affects the competitive dynamics of the exchange industry and the
fortunes of its individual companies. Our Trading Talk reports are consistently
on the bleeding edge of market-structure thought, and our monthly report on dark-pool
volumes and trends, Let There Be Light, has fast become recognized as the
industry’s premier source of information about non-displayed liquidity since its
launch in early 2008. We supplement this written work with an array of interactive
client content, including access to our team of market structure experts, regular
investor conference calls, access to company management and special events like
our annual Global Exchange CEO & Investor Conference.