Season 1, Episode 2 - Dave Cushing

Texture Capital presents 8 Minute Market Structure. In this series, we will ask capital markets luminaries 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 this episode, Texture CEO Richard Johnson speaks with Dave Cushing, Co-Founder and Senior Advisor at Pine Grove Capital LLC, advisor to Talos Trading and Clearpool Group, and former Senior Managing Director and Partner at Wellington.  Here's a preview of Dave's POV:  "You don’t want to overlook the benefits of electronic market making, [but] there are also some opportunities to bring a little more benefit to other market participants through market structure [...] There have certainly been some benefits by automating, and bringing liquidity to bear across competing market makers [...] but I also feel like there have been opportunities lost [...] Take one example: Retail Price Improvement is miniscule if you look at the reports [but] if you were running more of an auction-style market, there would be opportunities for retail flow to get exposed to that flow and potentially get a better price.” 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