Season 1, Episode 5 - Michael Masone

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 fifth episode, our host, Texture Capital CEO Richard Johnson, speaks with Michael Masone, Director & Head of North America Market Structure at Citi. Here is a preview of what Michael might focus on with his market structure magic wand: "Where are the inefficiencies in today’s markets? One that is getting a ton of attention now is the scrutiny of how retail order flow is executed by a handful of market makers who pay for that order flow… what I think would really improve that overall is to allow for exchanges to quote in sub-pennies." 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