In the second of this webinar series, Dr Elliot Banks, Chief Product Officer, BMLL, focuses on the market microstructure of US Equities and ETFs.

Using Level 3 Data to gain a deeper level of insight, he examines the microstructure of odd-lot quotes, and how this affects the trading of US equities. In particular, he discusses the impact of earnings reports, and how out of hours trading sessions affect price formation and market quality.

Key discussion topics include:

  • The impact of odd-lots - does size matter?
  • Trends in volatility and spreads - is this the new normal?
  • What’s driving volumes inside the NBBO?
  • Case studies: how negative earnings can impact volume stability (Meta, PayPal, Peloton and Tesla).