Greg Lee

Innovation. Market structure. Electronic trading. Removing barriers and obstacles. I like fun stuff. opinions are all my own. Forging ahead.

[Greg Lee @gleeville]

@mdudas Best times ever. Enjoy mate.

[Greg Lee @gleeville]

@dlauer They are pretty aggressive on the investigations and simple to search up some of the big names. Always on ongoing.
OPR isn't worth all the fuss - most competent brokers don't allow exchange routing as the SIP is just too slow to be making decisions on.

[Greg Lee @gleeville]

@ltabb @JoeSaluzzi Agree. But outliers have always been there.
Byproduct will likely be improved opportunities for latency arb across ventures to keep prices in check.

[Greg Lee @gleeville]

@BrettHarrison I really love these inside stories. Battle scars.

[Greg Lee @gleeville]

@ltabb @JoeSaluzzi Most quality brokers use a DNR instruction and handle themselves already. This should have very little impact.

[Greg Lee @gleeville]

@BrettHarrison Timely, thoughtful, and very cool!

[Greg Lee @gleeville]

@Paxos Congrats guys - been a long road for this one.

[Greg Lee @gleeville]

@kylelibra @autosport So cool being able to do this.

[Greg Lee @gleeville]

@kylelibra Given most people are passively invested and indexes go up it would look very different wouldn’t it?

[Greg Lee @gleeville]

@ltabb @SMTuffy But it’s a start …..

[Greg Lee @gleeville]

@SMTuffy Omg I actually predicted something…..
https://t.co/Nzgn0JTYTb

[CFTC @CFTC]

@CFTC and @SECGov Announce Historic Memorandum of Understanding Between Agencies: https://t.co/Ir3tNVPvZm

[Greg Lee @gleeville]

@SMTuffy Feels like time to bring this comment back to life!

[Greg Lee @gleeville]

@EricBalchunas @fintechfrank 100%. It’s an access product for most.

[Greg Lee @gleeville]

lol. No.

[Mark Gadala-Maria @markgadala]

A Bloomberg Terminal costs $24,000 a year. Someone just recreated one using Perplexity Computer for $200 a month.

Bloomberg's moat was never the data, that's increasingly commoditized. It was the interface: thousands of keyboard shortcuts, proprietary screens, and muscle memory that finance professionals spent years learning. The switching cost wasn't price, it was retraining.

AI agents collapse that moat. If Computer can replicate the interface and pull equivalent data from public sources, the only remaining lock-in is the chat network and real-time feeds. One is a social product. The other is a licensing negotiation.

Bloomberg did $12.6 billion in revenue last year selling terminals. The first credible open-source alternative just got built in an afternoon.

[Greg Lee @gleeville]

@carlosdomingo So great to see someone finally put together a complaint defi solution. Of course it was you!

[Greg Lee @gleeville]

@chuk_xyz Excellent.
An area still not addressed in the discussion is why we have an intermediary market. As with most things in securities it’s all due to bad actors over time. The intermediaries are intended to protect from fraud and scale oversight. What happens without them?

[Greg Lee @gleeville]

@austincampbell When people argue with me that we need bearer asset securities I usually suggest thy watch die hard again! (A Christmas movie!)

[Greg Lee @gleeville]

@carlosdomingo Great to see this being explained clearly. While not popular for many seeking to create bearer assets with securities, this is the reality.

[Bloomberg @business]

Wall Street banks are muscling in on VC turf with a series of deals in private markets https://t.co/0sJykQXNzB

[Forge @Forge_Global]

Big News Today. Forge is joining forces with @CharlesSchwab to democratize private market access for more than 46 million investors and advisors.

Schwab is a company that has spent the last half-century innovating on behalf of investors, and they see a combination with Forge as a way to democratize access to the wealth creation opportunity in the private market for clients.

Kelly Rodriques, Forge CEO, shares: “This combination will transform how the private market works. With Schwab’s reach and Forge’s solutions, private companies will gain access to new liquidity and growth options — while investors will gain new ways to invest in the innovation economy. Together, we’re making the private market work better for everyone.”

We’re excited about what the future holds.

Read more: https://t.co/duNMkpYHAy