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.

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