Masters in Business: Joe Saluzzi

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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This week, the “Masters in Business” radio podcast features Joe Saluzzi of Themis Trading. He and co-founder Sal Arnuk are co-authors of the book "Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street Are Destroying Investor Confidence and Your Portfolio."

In the podcast, Saluzzi discusses how regulatory changes and a shift in exchange ownership from nonprofit to for-profit status led to a major shift in market structures. These changes have led to all manner of problems, not the least of which was the May 6, 2010, Flash Crash. Since then, we have seen mini crashes in individual stocks and, more recently, Treasuries and currencies.

Listen to the podcast on BloombergApple iTunes or SoundCloud. All of our prior podcasts are available on iTunes.

Next week, I speak with Michelle Meyer of Bank America Merrill Lynch.

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Barry L Ritholtz at britholtz3@bloomberg.net