HFSC Archives - The Industry Spread

How AI Is Changing Trading

December 9, 2019

Today, trades are automated, and orders are executed in milliseconds or microseconds. Passive ETFs have proliferated, relying on algorithmic models to ensure the fund’s holding of shares properly weighted to whatever index or benchmark it’s tracking

House Examines Decline in IPO

September 16, 2019

The number of public companies in the U.S. capital markets today is less than half the number just twenty years ago. This comes despite the fact that the valuation of the public stock market has boomed in recent years. This change has left investors in the public markets more concentrated in increasingly larger companies