Joe Saluzzi @JoeSaluzzi Twitter profile

Pinned Tweet

Joe Saluzzi

1 year

The WSJ article written by @aosipovich on our white paper about information leakage at the DTCC is on Page A1 of today's print edition.

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Last Seen Profiles

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Joe Saluzzi

@JoeSaluzzi

2 years

Why do financial people say 200 basis points and not just say 2%?

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Joe Saluzzi

@JoeSaluzzi

11 months

@WSJ Rephrased: "Supreme Court strikes down plan to buy 40 million votes"

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Joe Saluzzi

@JoeSaluzzi

5 years

@tomselliott Is this an SNL skit?

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Joe Saluzzi

@JoeSaluzzi

6 years

A bitcoin ETF based on bitcoin futures would be a derivative on a derivative of a cryptocurrency that is unregulated. Just think about that for a second.

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Joe Saluzzi

@JoeSaluzzi

1 year

@zerohedge

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Joe Saluzzi

@JoeSaluzzi

2 years

@philbak1 So a $13mm trade took down a $350 billion market cap by 5.9%? Talk about lack of liquidity.

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Joe Saluzzi

@JoeSaluzzi

3 years

Yup, that's a derivative on a derivative on a derivative based on a crypto currency.

Joe Saluzzi

@JoeSaluzzi

3 years

(Bloomberg) -- Options on the ProShares Bitcoin Strategy ETF will begin trading on Wednesday

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Joe Saluzzi

@JoeSaluzzi

5 months

This warning from SEC Commissioner Crenshaw will prove to be prescient.

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Joe Saluzzi

@JoeSaluzzi

4 years

Big mistake by @Twitter suspending @zerohedge . Like him or not, Zerohedge is a huge content provider. Rather than suspending Zerohedge, @jack should think about paying significant content providers #freeZeroHedge

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Joe Saluzzi

@JoeSaluzzi

3 years

(Bloomberg) -- Options on the ProShares Bitcoin Strategy ETF will begin trading on Wednesday

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Joe Saluzzi

@JoeSaluzzi

1 year

@zerohedge Strange. Wonder why he didnt propose this when Dems controlled the House and Senate.

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Joe Saluzzi

@JoeSaluzzi

8 years

Cap the student loans, @mcuban is right. Otherwise,colleges will just continue to increase tuition and the govt will be left holding the bag

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Joe Saluzzi

@JoeSaluzzi

3 years

@novogratz No it isn't. It's just a modern version of a pump and dump. To compare this to social unrest is just irresponsible.

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Joe Saluzzi

@JoeSaluzzi

7 years

If there was a bitcoin ETF, you would be trapped in it over this 3 day weekend while bitcoin is actively trading and getting pummeled.

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Joe Saluzzi

@JoeSaluzzi

3 years

A bitcoin futures ETF is basically a derivative on a derivative of a crypto currency which is priced from unregulated exchanges. Call me crazy but I still can't see the SEC approving this.

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Joe Saluzzi

@JoeSaluzzi

3 years

@CDCgov Wouldn't this number indicate herd immunity?

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Joe Saluzzi

@JoeSaluzzi

6 years

Bloomberg: Crypto exchange Bitfinex, tether said to get subpoenaed by CFTC

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Joe Saluzzi

@JoeSaluzzi

5 months

Congrats crypto community. Your new buddies at the big Wall St. market makers, the major stock exchanges and ETF sponsors have officially taken over your market. Best of luck!

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Joe Saluzzi

@JoeSaluzzi

3 years

Cost to move a $15 billion cryptocurrency by 25% in minutes? $560 That's the cost to issue a press release across Global Newswire. #litecoin #ltc

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Joe Saluzzi

@JoeSaluzzi

9 years

Hey @mcuban , have you offered Hillary a CyberDust account yet?

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Joe Saluzzi

@JoeSaluzzi

5 years

Front row seat at Yankee Stadium? Thousands of dollars. Standing up and showing your "Joe Buck Sucks!" Shirt.....Priceless.

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Joe Saluzzi

@JoeSaluzzi

1 year

No more bailouts. Let them fail.

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Joe Saluzzi

@JoeSaluzzi

4 years

@dbongino Forcing terrorists to listen to this would be a great interrogation technique.

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Joe Saluzzi

@JoeSaluzzi

8 months

SEC Charges Citadel Securities for Violating Order Marking Requirements of Short Sale Regulations

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Joe Saluzzi

@JoeSaluzzi

3 years

@michaeljburry We can have data processed in nanoseconds at the exchange server room but they can't figure this out? Seems like more by design.

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Joe Saluzzi

@JoeSaluzzi

7 years

Full page ad in WSJ today by Interactive Brokers warning about the risk of clearing cryptocurrencies.

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Joe Saluzzi

@JoeSaluzzi

3 years

Maybe something happened in one of the spot crypto exchanges to cause that flash crash in bitcoin and the Bitcoin ETF? We'll never know because there is no regulatory oversight and no surveillance sharing agreements in the spot market. @SECGov

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Joe Saluzzi

@JoeSaluzzi

3 years

In other words, we intend to slow this process down as much as possible. And if the SEC dares to change the rules, we'll sue.

Robinhood

@RobinhoodApp

3 years

We look forward to engaging with the SEC as it considers updating its rules through the formal rulemaking process to keep up with technological innovation.

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Joe Saluzzi

@JoeSaluzzi

3 years

This is a result of zero commission trading. To get PFOF, retail brokers route to market makers and the trade occurs off-exchange. If you want to trade on an exchange, then that won't be free because exchanges charge take fees. #BrokenMarkets

American AF 🇺🇸

@iAnonPatriot

3 years

EVERYONE GET THIS SHIT TRENDING! ENOUGH IS ENOUGH! #SuspendDarkPools 80% OF $AMC TRADES GOING THROUGH THE DARK POOL IS NOT A FREE MARKET!! $AMC #AMC

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Joe Saluzzi

@JoeSaluzzi

6 years

Kudos to @Bitfinexed for his relentless warnings about Tether. Retweet this to thank him.

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Joe Saluzzi

@JoeSaluzzi

3 years

6 of the top 10 most active stocks yesterday were priced under $1 and combined for 2.6 billion shares or 18% of the entire stock market.

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Joe Saluzzi

@JoeSaluzzi

3 years

@zerohedge because less supply is just the right medicine for rising prices

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Joe Saluzzi

@JoeSaluzzi

3 years

Ouch! @IEX destroys @Nasdaq in this rebuttal to a questionable Nasdaq hit piece.

IEX

@IEX

3 years

IEX welcomes vigorous dialogue and debate on equity market issues - when it's based on facts. Here's our response to @Nasdaq 's recent broadside on D-Limit.

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Joe Saluzzi

@JoeSaluzzi

3 years

@POTUS If I earn $50 and then spend that $50 to fill up my car with gas, how much did the gas cost me?

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Joe Saluzzi

@JoeSaluzzi

5 years

Ain't gonna be no bitcoin ETF until they add legitimate surveillance to the underlying market. Please stop wasting the @SEC_News time with these filings.

CoinDesk

@CoinDesk

5 years

BREAKING: @vaneck_us and SolidX just pulled their bitcoin ETF proposal a month before the @SEC_News would have to approve or reject it. @nikhileshde reports

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Joe Saluzzi

@JoeSaluzzi

3 years

@vladtenev "Tenev, the son of two World Bank staffers, enrolled in UCLA’s math Ph.D. program but dropped out in 2011 to join Bhatt and build software for high-frequency traders."

The Inside Story Of Robinhood’s Billionaire Founders, Option Kid Cowboys And The Wall Street Sharks...

Members of this online enclave are partying, quite literally, like it’s 1999—the infamously frothy day-trading year before the dot-com bubble burst in March 2000.

www.forbes.com

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Joe Saluzzi

@JoeSaluzzi

4 years

A swimming pool that is 20'x40'ft with a 4'depth holds 24,000 gallons. That's 571 barrels. At today's oil closing price of -$37.63, you could earn $21,500 if you empty your pool and fill it with oil.

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Joe Saluzzi

@JoeSaluzzi

8 years

Central bankers are like degenerate gamblers. They just don't know when to stop.

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Joe Saluzzi

@JoeSaluzzi

4 years

@MCaruso_Cabrera When you win, please get on the Financial Services Committee. We need someone who can ask a real question to Fed Chairman Powell.

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Joe Saluzzi

@JoeSaluzzi

6 years

Good luck to all you bitcoin futures traders tonight. You might want to read this CFTC statement again before you trade

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Joe Saluzzi

@JoeSaluzzi

5 years

There was never any institutional demand. The exchanges, ETF providers and market makers wanted you to think that because they needed a new arbitrage instrument to play with.

Bloomberg

@business

5 years

Wall Street is quietly shelving its Bitcoin dreams after prices collapsed

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Joe Saluzzi

@JoeSaluzzi

7 months

@Bitfinexed This should be Exhibit A when the SEC rejects the spot bitcoin ETF

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Joe Saluzzi

@JoeSaluzzi

5 years

NYSE is 'freaking out' looking for leakers after Post exposé via @nypost

NYSE is 'freaking out' looking for leakers after Post exposé

The New York Stock Exchange scrambled to contain the fallout from The Post’s exclusive Friday report that revealed a special side deal allowing Morgan Stanley to trade large blocks of stock after...

nypost.com

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Joe Saluzzi

@JoeSaluzzi

1 year

@zerohedge can you get a credit for unrealized losses?

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Joe Saluzzi

@JoeSaluzzi

7 years

Hard forks? Frozen digital wallets? Accidental lock ups? Yup, definitely sounds like a safe and secure asset class.

The Guardian

@guardian

7 years

$300m in cryptocurrency accidentally stolen and lost forever due to bug

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Joe Saluzzi

@JoeSaluzzi

6 years

Kudos to @SHO_Homeland for showing how quickly fake news can spread. Great season so far.

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Joe Saluzzi

@JoeSaluzzi

11 years

Mark Cuban speaks for every honest investor in this interview http://t.co/oiqMjAOkT0 @mcuban

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Joe Saluzzi

@JoeSaluzzi

6 years

Bad couple of days for crytpocurrency world: -CFTC subpoenas Bitfinex and Tether -Coincheck gets hacked and loses over $500mm -SEC halts alleged fraudulent Initial Coin Offering scam

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Joe Saluzzi

@JoeSaluzzi

2 years

Congrats to our friends at @IEX for continuing to fight for institutional and retail investors. 👏

IEX

@IEX

2 years

Today the D.C. Circuit Court ruled in favor of the SEC in the D-Limit lawsuit. This is a huge win for all investors.

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Joe Saluzzi

@JoeSaluzzi

6 years

Whoa, take a look at @RobinhoodApp 2nd qtr 606 report. All of their flow is sold to market makers.

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Joe Saluzzi

@JoeSaluzzi

2 years

@zerohedge Maverick did Mach 10

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Joe Saluzzi

@JoeSaluzzi

2 years

@POTUS What happened to Unity?

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Joe Saluzzi

@JoeSaluzzi

6 years

July 5,2018 - Tom Lee: I want to be clear, bitcoin is going to $25,000 by year end

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Joe Saluzzi

@JoeSaluzzi

5 years

Wait, so Robinhood will be trading client money and guaranteeing a 3% return on checking? What securities will they trade? Crypto, futures, VXX? And then we wonder why financial disasters happen.

Simone Foxman

@SimoneFoxman

5 years

Robinhood is betting it can make >3% off of its customers' checking & savings in purportedly low-risk investments. Note that they're not FDIC insured (they are SPIC insured). Story from @julieverhage

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Joe Saluzzi

@JoeSaluzzi

7 years

100% agree.

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Joe Saluzzi

@JoeSaluzzi

3 years

*BIDEN TO PROPOSE CAPITAL GAINS TAX AS HIGH AS 43.4% FOR WEALTHY

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Joe Saluzzi

@JoeSaluzzi

6 years

If this had happened during market hours, the Dow would have dropped over 1,000 points.

CNN

@CNN

6 years

Hawaii spent 38 uneasy minutes after officials say an incoming ballistic missile alert was sent out in error

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Joe Saluzzi

@JoeSaluzzi

2 years

This Warren Buffett quote from his annual meeting pretty much nails it.

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Joe Saluzzi

@JoeSaluzzi

3 years

March 12, 2008 - "Bear Stearns CEO: No Liquidity Crisis for Firm"

Bear Stearns CEO: No Liquidity Crisis for Firm

The chief executive of Bear Stearns told CNBC that despite recent market volatility, he is not aware of any imminent threat to the Wall Street investment bank's liquidity.

www.cnbc.com

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Joe Saluzzi

@JoeSaluzzi

1 year

Would have been nice during this hearing, if next to each member of Congress, they listed the dollar amount of contributions they have accepted from FTX and the crypto industry.

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Joe Saluzzi

@JoeSaluzzi

3 years

@RobinhoodApp from the FINRA complaint: "between January 2018 and December 2020, Robinhood failed to report to FINRA tens of thousands of written customer complaints that it was required to report."

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Joe Saluzzi

@JoeSaluzzi

3 years

Agree with @jimcramer . Not a good idea to take on the SEC in a public forum. You won't win that fight.

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Joe Saluzzi

@JoeSaluzzi

3 years

@jimiuorio Better question Jim, why do we care what the SNL cast thinks? The show hasn't been funny in years.

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Joe Saluzzi

@JoeSaluzzi

7 years

This Is Why Bitcoin Futures Should Not Be Approved

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Joe Saluzzi

@JoeSaluzzi

6 years

No worries, I'm sure the regulators will investigate what happened here in bitcoin. Oh wait, there are no regulators.

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Joe Saluzzi

@JoeSaluzzi

7 years

Wonder if this snow is going cause wreck havoc on those microwave signals from NJ to Chicago today? #HFT

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Joe Saluzzi

@JoeSaluzzi

6 years

66% of NYSE-listed orders on @RobinhoodApp in 4Q17 were sold to Citadel who paid Robinhood $0.0024 per share to direct order flow to them. #PaymentForOrderFlow

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Joe Saluzzi

@JoeSaluzzi

8 years

What three pros think about today's market structure-"No respect..Rigged..Not a real market"

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Joe Saluzzi

@JoeSaluzzi

5 years

Sign outside barber shop in NJ.

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Joe Saluzzi

@JoeSaluzzi

5 years

Say hello to Mona, our liquidity sniffer.

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Joe Saluzzi

@JoeSaluzzi

6 years

Glad to see this. Hope they follow through on it. @GeminiDotCom

Bloomberg Crypto

@crypto

6 years

Several of the world’s largest digital exchanges are joining together in an effort to root out bad behavior in the crypto space

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Joe Saluzzi

@JoeSaluzzi

8 years

Today is a victory for all of us who have fought for fairer markets. Thank you SEC for approving this free market approach. @IEX

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Joe Saluzzi

@JoeSaluzzi

7 years

Was hoping for Judge Chamberlain Haller #WhatsaUte

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Joe Saluzzi

@JoeSaluzzi

8 years

wow, that has to be a record for shortest press conf ever

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Joe Saluzzi

@JoeSaluzzi

3 years

A cryptocurrency exchange which was majority owned by a commodity/stock exchange went public today via a SPAC and listed on a stock exchange owned by the majority owner of the cryptocurrency exchange. Let that sink in.

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Joe Saluzzi

@JoeSaluzzi

9 years

Hedge fund mgr on @BloombergTV asked if he was nervous about China: "We're not nervous because we are a hedge fund that actually shorts"

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Joe Saluzzi

@JoeSaluzzi

5 years

Worst. Mayor. Ever.

New York Post

@nypost

5 years

De Blasio blames his staff for missing 9/11 memorial event

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Joe Saluzzi

@JoeSaluzzi

7 years

@kevinolearytv look what I found at my local NJ wine store. Very nice wine at a reasonable price.

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Joe Saluzzi

@JoeSaluzzi

8 years

New info reveals how a stock exchange has been leaking confidential order information for the past 7 years

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Joe Saluzzi

@JoeSaluzzi

2 years

Why does Nasdaq need to own 3 stock exchanges? One of them, Nasdaq PSX, has less than 1% mkt share and has an 80-1 cancel to trade ratio.

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Joe Saluzzi

@JoeSaluzzi

3 years

New Post: How Did Two Retail Traders Cost Market Makers Almost $1 million? #BrokenMarkets

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Joe Saluzzi

@JoeSaluzzi

5 years

Nice weekend price gaps in #bitcoin . Seems legit, right?

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Joe Saluzzi

@JoeSaluzzi

5 years

Sigh. A financial transaction tax is NOT the way to fix market structure problems.

CNBC

@CNBC

5 years

House Dems are reintroducing a financial services tax with Alexandria Ocasio-Cortez as a co-sponsor

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Joe Saluzzi

@JoeSaluzzi

5 years

@Mets Not even July and the season is over once again.

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Joe Saluzzi

@JoeSaluzzi

3 years

SEC Chair Gensler speaking before European Parliament committee had this to say about crypto platforms. Doesn't sound bitcoin ETF friendly to me.

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Joe Saluzzi

@JoeSaluzzi

4 years

Chart of the day courtesy @WSJ

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Joe Saluzzi

@JoeSaluzzi

9 years

We really should not be surprised that a market which was fueled by central banker manipulation and corporate buybacks is finally breaking.

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Joe Saluzzi

@JoeSaluzzi

3 years

In this payment for order flow conversation, let's not forget that all of the major exchanges (NYSE, Nasdaq, Cboe) also pay for order flow. They call it rebates. They shouldn't get a free pass here. Equal scrutiny should be given.

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Joe Saluzzi

@JoeSaluzzi

5 years

Just read #BitcoinBillionaires and really enjoyed it. While I'm often critical of crypto market structure, there is no denying that @tylerwinklevoss and @winklevoss hit a home run. Glad to see that they are in favor of regulation.

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Joe Saluzzi

@JoeSaluzzi

2 years

Just finished watching both parts. Wow! This was really well done. Thought it was just going to be another Gamestop story but it gets into the real, nitty gritty plumbing issues of Wall Street. And @DennisKelleher is my hero.

Max

@StreamOnMax

2 years

The underdogs had the upper hand, but then what happened? Gaming Wall Street, narrated by Kieran Culkin, is coming March 3 to HBO Max.

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Joe Saluzzi

@JoeSaluzzi

6 years

Hangs on our wall at Themis Trading. Sent to us by a very smart market observer.

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Joe Saluzzi

@JoeSaluzzi

3 years

@RobinhoodApp In other words, market makers intercept all orders. Customer orders never have a chance to interact with displayed or non-displayed liquidity that resides on stock exchanges.

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Joe Saluzzi

@JoeSaluzzi

4 years

Awesome NYC flyover. B-2 Stealth bomber with F-22s. Thank you @DeptofDefense . Happy 4th of July

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Joe Saluzzi

@JoeSaluzzi

6 years

Once again, an exchange is at the center of a high frequency trading issue. #ArmsMerchant

Alexander Osipovich

@aosipovich

6 years

A tiny flaw in CME's systems could be worth hundreds of millions a year to high-speed traders... even though CME vowed to fix it five years ago.

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Joe Saluzzi

@JoeSaluzzi

5 years

Just curious, is my $2k/month terminal fee now considered a political donation?

Alex Burns

@alexanderburns

5 years

BLOOMBERG is filing to run for president

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Joe Saluzzi

@JoeSaluzzi

3 years

SEC Charges Poloniex for Operating Unregistered Digital Asset Exchange

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Joe Saluzzi

@JoeSaluzzi

6 years

Just curious, other than getting a ruler out and drawing some lines on a chart, how do people come up with these forecasts?

Insider Finance

@insiderfinance

6 years

TOM LEE: Bitcoin just had a much-needed pullback and is quickly headed back to $20,000

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Joe Saluzzi

@JoeSaluzzi

1 year

Themis Trading comment letter on the SEC Market Structure Proposals

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Joe Saluzzi

@JoeSaluzzi

6 years

Exclusive: U.S. CFTC to fine UBS, Deutsche Bank, HSBC for spoofing, manipulation - sources

Exclusive - U.S. CFTC to fine UBS, Deutsche Bank, HSBC for spoofing, manipulation: sources

The U.S. derivatives regulator is set to announce it has fined European lenders UBS, HSBC and Deutsche Bank millions of dollars each for so-called "spoofing" and manipulation in the U.S. futures...

www.reuters.com

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Joe Saluzzi

@JoeSaluzzi

1 year

Lee Cooperman on @CNBC talking why market is broken ..."machines know everything about price, nothing about value". Agreed.

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