Declining Liquidity

This article is behind a paywall. But the headline provides the key point: Liquidity of the E-mini S&P 500 futures contracts is shrinking – hit hard after the two volatility shocks …

March Market Madness

What an active March we have had here at Fishback Management! We started the month off with talking about the disposition effect which created quite the chatter in our ODDS …

Volatility Low Everywhere

On Monday the 18th, in our ODDS Community we were posting and talking about how low volatility was everywhere. We also talked about the right strategy for low market volatility …

Good News on the Data Front

Long gone are the days when the exchanges made the bulk of their money from trading. These days, the exchanges make the bulk of their profits from data. And my guess …

Crowding is Back

I recently recorded a video about market fragility and how Dispersion Trading can be an elixir to markets that experience explosive volatility out of nowhere. But what causes that explosive …

Something Missing?

If you’re into probability — that would be anyone who has ODDS in their name like I do — this is a thought-provoking chart from a Bloomberg article this morning. …