Joe Saluzzi

Partner and Co-Founder of Themis Trading, Co-Author of 'Broken Markets'

[Joe Saluzzi @JoeSaluzzi]

@BitcoinNewsCom hey @grok, how many of these signers have crypto market affiliations?

[Joe Saluzzi @JoeSaluzzi]

@ChairmanSelig @CFTC

[Joe Saluzzi @JoeSaluzzi]

Just watched the Kalshi CEO interview on @cnbc...I feel sick now.

[Joe Saluzzi @JoeSaluzzi]

@JSeyff Only about 10% of daily trading volume occurs during the current 9.5 hours of extended hours trading.

[Joe Saluzzi @JoeSaluzzi]

@adamtaggart They are always looking for the next bag holder

[Joe Saluzzi @JoeSaluzzi]

The ten most terrifying words that an investor can hear:

"I'm from Wall Street and I'm here to democratize access."

[Joe Saluzzi @JoeSaluzzi]

Solid interview with @KellyCNBC and Peter Haynes just now. Quality info on how index fast tracking of mega-cap IPOs will work.

[Joe Saluzzi @JoeSaluzzi]

The irony is rich here.

[Financial Times @FT]

How some blockchains enable front-running https://t.co/0GEgeZxTup | opinion

[Joe Saluzzi @JoeSaluzzi]

Remember how the crypto community pushed hard for the spot bitcoin ETF to get approved.

[Bloomberg @business]

Bitcoin fell to its lowest level in more than five weeks as jitters over the economic outlook and outflows from US exchange-traded funds weighed on the largest cryptocurrency https://t.co/yW507vwI1b

[Joe Saluzzi @JoeSaluzzi]

Reg NMS Reform Debate Sharpens at House Market Structure Hearing

https://t.co/W9ElFQkZj5

[Joe Saluzzi @JoeSaluzzi]

"The suspensions were just one of many ways in which the C.F.T.C., the primary regulator of a specialized sector of the financial markets, has been mowed down by the powerful business interests it is supposed to oversee, a New York Times investigation found."

How Prediction Markets and Crypto Firms Steamrolled a Watchdog Agency https://t.co/MaePTwv7bn

[Bloomberg @business]

The ETF industry has wrapped practically everything into a ticker. Prediction markets seemed like the next frontier — until the SEC issued a memo this week delaying the launch of funds tied to election outcomes, recession bets and more. https://t.co/tEs1WsfB6l

[Frank Chaparro @fintechfrank]

SEC delays plan to allow trading of tokenized stocks due to concerns and pushback

Scoop via @pattersonscott

[Dennis Kelleher @DennisKelleher]

Watch @JoeSaluzzi testify before a House Committee on protecting investors

[Joe Saluzzi @JoeSaluzzi]

@SquawkCNBC @RepJamesComer Exactly the reason why the @SECgov should not allow prediction market ETFs.

[Squawk Box @SquawkCNBC]

"It's the wild west," says @RepJamesComer of prediction markets. "We've got to pass some kind of regulation."
https://t.co/fYUnBouZxZ

[Joe Saluzzi @JoeSaluzzi]

@philbak1 @SECGov Phil, you should make that case to the SEC and I will make my case why these gambling instruments have no business being listed on an exchange.

[Joe Saluzzi @JoeSaluzzi]

Glad to see the @SECGov hitting the brakes on prediction market ETFs. There is no reason that a stock exchange should list a prediction market ETF.

https://t.co/jbJHMjjiCf

[Paul Atkins @SECPaulSAtkins]

Exchange-traded funds have been—and remain—a major driver of innovation in the securities markets. ETFs have contributed to increased capital formation and investor choice, reflected in part by the tripling of ETF assets since 2019.

Novel products raise novel questions, and I appreciate the willingness fund sponsors have shown in delaying the effectiveness of a number of novel ETFs, including event contract ETFs, while we consider the implications.

To ensure we do this in a transparent and thoughtful manner, I have instructed the staff to seek input from the public on how the Commission should respond to recent market changes.

[Joe Saluzzi @JoeSaluzzi]

@philbak1 @SECGov Just because you can do something doesn't mean you should.

[Joe Saluzzi @JoeSaluzzi]

@philbak1 @SECGov What is the reason to list it? Regulators can't even figure out what is going on in the prediction markets.