Themis Trading's Joe Saluzzi on Retail Investors' Rebellion

The video discusses recent market trends, focusing on the influence of the Federal Reserve's interest rate policies and inflation concerns. It highlights the complexities of market structure, including the role of dark pools and the SEC's proposals for increased transparency. The video also covers the evolution of settlement cycles, with a proposal to move towards T+0 settlements, and the potential impacts on the industry.

What is the primary concern of the Federal Reserve as discussed in the video?

• Rising interest rates and persistent inflation

• Geopolitical tensions

• Stock market volatility

• Cryptocurrency regulations

How does the market typically react to news about interest rates compared to geopolitical events?

• More quickly

• More slowly

• With less concern

• With more volatility

What is a dark pool in the context of stock trading?

• A type of cryptocurrency

• A government bond

• A public stock exchange

• A private exchange for trading securities

What is the SEC's proposal regarding dark pools?

• To allow unlimited trading without quotes

• To eliminate them completely

• To increase the trading limit to 10%

• To consolidate trading volumes under one roof

What change is the SEC proposing for the settlement cycle?

• From T+2 to T+3

• From T+2 to T+1

• From T+1 to T+0

• From T+3 to T+5

What is a potential downside of moving to a T+0 settlement cycle?

• Longer settlement times

• Instantaneous trading errors leading to losses

• Higher transaction costs

• Increased transparency

How might T+0 settlements affect the stock loan market?

• Decrease the need for stock loans

• Have no impact

• Make stock loans more attractive

• Increase profitability