Today was my last day in New York City. Mrs. Dynamite and I visited a friend of mine on the floor of the NYSE where I was surprised to see exactly how the floor's landscape has changed in the 10 years since I was last down there. Obviously, the vast majority of trading is now electronic, and crowds at the specialist posts are a rarity where they were once a staple. I was surprised, however, at how many agency brokers (aka, two dollar brokers) populated the perimeter of the floor. The rise of the direct access business is an interesting shift.
Leaving the NYSE, we rode the famous J Train for the first time, up to Katz's Deli, where we enjoyed the finest pastrami sandwich available on Earth. Not bad for a farewell tour.
So anyway, I'll be away from the Interwebs for a few days as I move and get my new setup wired. In the meantime, make sure you check out the two pieces I wrote on dark pools this weeks:
1) You Don't Need to Be Scared of Dark Pools
2) Calling out Matt Taibbi on Dark Pools
After that, check out these links:
-Arnold Schwarzenegger says "FUCK YOU" to the California Legislature. Top Notch.
- Institutional Risk Analyst's Chris Whalen on the the absurdity of the GMAC bailouts - the third of which was just announced. "Zombie Love."
- MISH's "Twelve Reasons For A Job Loss Recovery"
Live free or die! NH here we come.