May 2024 - Monthly Review

The Age of the Algo Trader

Quants and munis, oil and water, cheap sushi, cats and dogs sleeping together are all things that just do not seem to go well together. Well, I am here to tell you the hard to imagine has happened - in the form of “Algo” trading in muniland. Yes, the quants are trying to take advantage of the for “the good of the public” market. Is nothing sacred? It’s ok, though. This month, MainLine explains how it works, how it is impacting the muni market, and how it affects MainLine West.

Report Charts

Expert Insight About The Municipal Bond Market

Our team of investment professionals are active in the market daily. Our blog includes posts with valuable insight and commentary about critical municipal finance topics and expert interpretation of how current economic factors may affect the municipal bond market.

Visit our Website to access our blog and subscribe to keep current with our municipal bond market insights.

About The Author

Mike Maciolek, CFA, is a Senior Vice President at MainLine West and a member of the investment team for individually managed client accounts and our family of Tax Advantaged Opportunity Funds. Prior to his current role, he was a portfolio manager for First Data Corporation. Mike directed a set of municipal bond portfolios approaching $12 billion in market value, and $7 billion in interest rate derivatives, applying his expertise to meet the various objectives of the portfolios. He began his 30 year career in New York City as an analyst with management responsibilities for $2 billion in tax-exempt money market funds for Oppenheimer Funds.

MainLine West

2237 W 30th Ave

Denver, CO 80211

720.536.3380