Buyers and sellers want choices regarding what to buy and sell and where to buy and sell it. Trading stocks for investors is no different, as choice matters there too. We talk with Jon Clark, the CEO of Luminex, about his efforts building a company with the mission of affording institutional investors another choice centered on trading a large block of shares, rather than accessing the moment-to-moment liquidity of stock markets. Luminex, which actually is owned by institutional investors, is a stock trading venue for blocks of at least 5000 shares traded by institutional investors. Luminex’s business is one part of equity market structure, which needs to keep up as technology and market conditions change.
Listen to the podcast here.