Bid Out Podcast Title Card

Bid Out with Peter Haynes

Hosted by Peter Haynes, Head of Index and Market Structure Research, this Made in Canada podcast series explores market structure issues impacting trading and portfolio management globally. The monthly series interviews industry leaders and experts across the entire spectrum of capital markets to understand trends and recent developments shaping capital markets.

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Bid Out Podcast Title Card

Bid Out with Peter Haynes

Hosted by Peter Haynes, Head of Index and Market Structure Research, this Made in Canada podcast series explores market structure issues impacting trading and portfolio management globally. The monthly series interviews industry leaders and experts across the entire spectrum of capital markets to understand trends and recent developments shaping capital markets.

Share This Podcast

Recent Episodes

July 28, 2022

The Gensler Market Structure Agenda

In Episode 48, the second part of our two-part series on options and equity market structure, we are rejoined by Andrew Shultz, Head of Strategic Options Business at Susquehanna International Group, and Mett Kinak, Global Head of Equity Trading at T. Rowe Price Group. In this episode, Mett's feet are put to the fire with respect to SEC Chair Gary Gensler's proposed equity market structure reforms. Mett weighs in on whether auctions modelled after options market structure can be repurposed for retail equity trading. He also raises concerns about potential tick increment reforms, proposed changes that should steer away from one-size-fits-all solutions, and the harmonization of traded prices across all types of venues. Mett concludes the episode with his thoughts on the Gensler agenda from the D.C. Circuit's recent decision on market data governance. Listen in to understand how this decision could be viewed as an ominous cloud over market structure reform.

July 22, 2022

Options Market Structure and the Mechanics of Retail Auctions in Options Trading

In Episode 47, the first of a special, two-part series, we dive into market structure with Andrew Schultz, Head of Strategic Options Business at Susquehanna International Group. We are also joined by Mett Kinak, Global Head of Equity Trading at T. Rowe Price. Together, we discuss the nuances of options trading, as well as the mechanics of auctions for retail orders. Auctions is a hot topic in equities market structure, especially given SEC Chair Gary Gensler's recent comments on options auctions and order competition. In the second part of this series, we will analyze Gensler's remarks at the Piper Sandler Global Exchange Conference, including his high-level plans for equity market structure reform.

June 3, 2022

European Equity Market Structure 2.0

In Episode 46, European market structure expert Niki Beattie provides an update on key topics of interest in the UK, and across the continent. Listen in as she addresses the evolving discussion on the consolidated tape debate, examines the post-Brexit listings battle between Amsterdam and the London Stock Exchange (LSE), explains how the continent and the UK are diverging on Markets in Financial Instruments Directive (MiFID) rules for dark trading, and more.

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