8 Minute Insights

On Episode 14 of 8 Minute Insights, Richard Johnson speaks with Ben Upward, CIO of ChainLogic Fund, about the Ethereum merge.

Here is a preview:

“Ethereum switched in mid-air from Proof of Work to Proof of Stake, and it seems like they pulled it off."

"What you're paying the stakers to run the network is far far less than what you had to pay the miners, so the inflation rate of Ether is now close to flat." -- Ben Upward

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On Episode 13 of 8 Minute Insights, Richard Johnson speaks with John Nance, CEO of Deal Box - a specialty consulting firm focused on capital markets strategy and technology.

Here is a preview:

“Every time there is a market disruption, I ask: what is it that we missed?... One of the things that has really concerned me is excessive risk taking and leverage…I look at Warren Buffet’s comments around derivatives being financial weapons of mass destruction… well crypto has basically done that on steroids" -- John Nance

Follow Texture Capital for updates to 8 Minute Insights - concise, expert insight for better markets.

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On Episode 12 of 8 Minute Market Structure, Richard Johnson speaks with Jay Biancamano, Managing Director and Head of Tokenization at State Street’s digital division.

Here is a preview:

“Market structure has come into play in the crypto space; and it’s a very attractive market.” “It doesn’t have what I call the ‘CBBO’ crypto best bid and offer.” “Future looking market structure…what happens when traditional assets start to trade on blockchain?” “Tokenization is where the market is moving.” -- Jay Biancamano

Follow Texture Capital for updates to 8 Minute Insights - concise, expert insight for better markets.

https://www.texture.capital/risks

On Episode 11 of 8 Minute Market Structure, Richard Johnson speaks with Ron Quaranta, Chairman/CEO of the Wall Street Blockchain Alliance. Watch this episode to hear Ron discuss pain points in traditional financial markets with data reconciliation and how blockchain helps solve this.

Here is a preview:

“Blockchain technology, in my view, solves the friction associated with counterparty reconciliation”. “The vision of what DeFi could be removes so much of that reconciliation error” – Ron Quaranta

Welcome to 8 Minute Market Structure, where we ask capital markets leaders and visionaries one simple (but very loaded) question: If you were building a new market structure from scratch and could change one thing... What would it be?

In our tenth episode, our host, Texture Capital CEO Richard Johnson, speaks with Curt Engler, former Head of Trading at JPMorgan Asset Management.

Here is a preview of what Curt might focus on with his market structure magic wand:

“Data shouldn’t cost as much as it does.” 

“Trust is difficult to come by.”

“Simplicity is the main thing to keep in mind in market structure.”

8 Minute Market Structure: One topic, no prep calls, just 8 minutes of concise, expert insight for better markets.

Be sure to subscribe so you never miss an episode, and follow Texture Capital on LinkedIn (https://www.linkedin.com/company/texture-capital/) and Twitter (@texture_capital)!

IMPORTANT DISCLOSURE: https://www.texture.capital/risks

Welcome to 8 Minute Market Structure, where we ask capital markets leaders and visionaries one simple (but very loaded) question: If you were building a new market structure from scratch and could change one thing... What would it be?

In our ninth episode, our host, Texture Capital CEO Richard Johnson, speaks with Dave Weisberger, co-founder of CoinRoutes.

Here is a preview of what Dave might focus on with his market structure magic wand:

"I would want a market structure that evolves without regulation forcing the market structure in a particular direction."

"Today crypto is the most transparent marketplace in the world."

8 Minute Market Structure: One topic, no prep calls, just 8 minutes of Concise, expert insight for better markets.

Be sure to subscribe so you never miss an episode, and follow Texture Capital on LinkedIn (https://www.linkedin.com/company/texture-capital/) and Twitter (@texture_capital)!

IMPORTANT DISCLOSURE: https://www.texture.capital/risks

Welcome to 8 Minute Market Structure, where we ask capital markets leaders and visionaries one simple (but very loaded) question: If you were building a new market structure from scratch and could change one thing... What would it be?

In our eighth episode, our host, Texture Capital CEO Richard Johnson, speaks with Hitesh Mittal, CEO of BestEx Research.

Here is a preview of what Hitesh might focus on with his market structure magic wand:

"The problem is in over-the-counter markets the network effects are very strong; the larger dealers get even larger and that drives away competition, hurting investors. And US equity markets are gravitating more to becoming more over-the-counter.”

Watch this episode to hear Hitesh explain his idea to create a protected, *Retail NBBO*, which would level the playing field between wholesalers and exchanges.

8 Minute Market Structure: One topic, no prep calls, just 8 minutes of Concise, expert insight for better markets.

Be sure to subscribe so you never miss an episode, and follow Texture Capital on LinkedIn (https://www.linkedin.com/company/texture-capital/) and Twitter (@texture_capital)!

IMPORTANT DISCLOSURE: https://www.texture.capital/risks

Welcome to 8 Minute Market Structure, where we ask capital markets leaders and visionaries one simple (but very loaded) question: If you were building a new market structure from scratch and could change one thing... What would it be?

In our seventh episode, our host, Texture Capital CEO Richard Johnson, speaks with Virginie O'Shea, Founder and CEO of Firebrand Research.

Here is a preview of what Virginie might focus on with his market structure magic wand:

"If there was one thing I would change, it’s about being more open to collaboration and less competitive. A lot of issues around post trade infrastructure are that interoperability is not there, we have challenges because of proprietary standards… that cause nightmares for operations teams.”

Listen today to hear Virginie and Richard discuss the example of T2 Securities in Europe, which was set up by the European Central Bank in response to the CSDs not collaborating.

8 Minute Market Structure: One topic, no prep calls, just 8 minutes of Concise, expert insight for better markets.

Be sure to subscribe so you never miss an episode, and follow Texture Capital on LinkedIn (https://www.linkedin.com/company/texture-capital/) and Twitter (@texture_capital)!

IMPORTANT DISCLOSURE: https://www.texture.capital/risks

Welcome to 8 Minute Market Structure, where we ask capital markets leaders and visionaries one simple (but very loaded) question: If you were building a new market structure from scratch and could change one thing... What would it be?

In our sixth episode, our host, Texture Capital CEO Richard Johnson, speaks with Kevin McPartland, 

Here is a preview of what Kevin might focus on with his market structure magic wand:

"If we were to start today I think one of the most important things would be to create a trading mechanism that allows the counter-parties to know each other, but still do that in an electronic way.” Listen to this episode to hear why Kevin thinks this could be “the best of both worlds between an RFQ where you have that bilateral understanding, and an order book where it is anonymous."

8 Minute Market Structure: One topic, no prep calls, just 8 minutes of Concise, expert insight for better markets.

Be sure to subscribe so you never miss an episode, and follow Texture Capital on LinkedIn (https://www.linkedin.com/company/texture-capital/) and Twitter (@texture_capital)!

IMPORTANT DISCLOSURE: https://www.texture.capital/risks

Welcome to 8 Minute Market Structure, where we ask capital markets leaders and visionaries one simple (but very loaded) question: If you were building a new market structure from scratch and could change one thing... What would it be?

In our fifth episode, our host, Texture Capital CEO Richard Johnson, speaks with Michael Masone, Director & Head of North America Market Structure at Citi.

Here is a preview of what Michael might focus on with his market structure magic wand:

"Where are the inefficiencies in today’s markets? One that is getting a ton of attention now is the scrutiny of how retail order flow is executed by a handful of market makers who pay for that order flow… what I think would really improve that overall is to allow for exchanges to quote in sub-pennies."

8 Minute Market Structure: One topic, no prep calls, just 8 minutes of Concise, expert insight for better markets.

Be sure to subscribe so you never miss an episode, and follow Texture Capital on LinkedIn (https://www.linkedin.com/company/texture-capital/) and Twitter (@texture_capital)!

IMPORTANT DISCLOSURE: https://www.texture.capital/risks