Season 1, Episode 4 - Vlad Khandros

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 fourth episode, our host, Texture Capital CEO Richard Johnson, speaks with Vlad Khandros, Head of Corporate Development at Trumid. Vlad was previously Global Head of Market Structure at UBS after a stint as Global Co-Head of Corporate Strategy at Liquidnet, and has served on numerous Advisory Boards and Boards of Directors. Here is a preview of what Vlad might focus on with his market structure magic wand: "People tend to have strong views on what defines a protected quote, and forcing it on the whole market; what's the right benchmark, and forcing it on the whole market; what's the right trade size, and telling the whole market that they've got to then take it on. It doesn't work. It just doesn't work. Folks have different workflows, different benchmarks, different trading styles, different time horizons. To try to dictate that everyone use a single, specific way, is not the right way to go about it. ... Whether it's building out about a product, or thinking about policy changes, flexibility is actually key." 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