A new book by Michael Lewis, the author who brought the baseball world Moneyball and the football world The Blind Side, could have an effect on the fortunes of one of hockey’s newest owners.
From the Irish Times:
The release of Flash Boys: A Wall Street Revolt comes after years of public debate over the lightning-fast trading systems which have grown to dominate a fractured terrain where multiple exchanges and bank-run trading platforms compete for orders.
In the two weeks before publication of Mr Lewis’s book, Goldman Sachs has suddenly thrown its weight behind market reform after years of investment in HFT and has also taken the highly unusual step of telling staff to publicise its support for a competing trading platform.
Some market executives have even discussed with Virtu Financial, an HFT outfit preparing the first IPO of a global proprietary trading firm, postponing its share sale amid heightened scrutiny of its core business. Virtu declined to comment, but its roadshow is expected to kick off next week.
Virtu, if you thought you’d read that name before on PHT, was founded by Vincent Viola, the new owner of the Florida Panthers. Just a few weeks ago, the Wall Street Journal wrote the following about the company’s planned IPO:
High-frequency trading could soon officially mint its first billionaire.
Vincent “Vinnie” Viola, the founder of Virtu Financial Inc., could have his stake valued at around $2 billion once the company sells shares to the public, according to two people familiar with the matter.
We’re quite certain Viola won’t be out on the street if Virtu’s IPO doesn’t go perfectly, but certainly the timing of the book’s release isn’t fantastic.
Related: Panthers owner: ‘We intend on being in the free agent market in a significant way’
NBCSN will continue its coverage of the 2015-16 campaign tonight when the Detroit Red Wings host the Tampa Bay Lightning at 7:30 p.m. ET. You can stream the game online here.
The Lightning made it all the way to the Stanley Cup Final in 2015, but their journey almost ended in the first round at the hands of the Red Wings. Detroit shutout Tampa Bay twice in that series and the two squads were locked in a scoreless tie until the third period of Game 7.
Despite the fact that the Red Wings were a mere hair away from advancing instead of Tampa Bay, the Lightning are often mentioned as serious Cup contenders while Detroit is typically regarded as a good, but not amazing team. However, that gap isn’t entirely unjustified.
After all, Tampa Bay has a very effective core of forwards that features Steven Stamkos, Tyler Johnson, Nikita Kucherov, and Ondrej Palat. If the highly regarded Jonathan Drouin, 20, is able to build off of his strong start to the 2015-16 campaign then the Lightning’s offense could be even more dangerous this season.
Detroit certainly has some offensive star power too in Henrik Zetterberg and Pavel Datsyuk, but the duo is 35 and 37 years old respectively. On top of that, injuries have been a recurring issue for Datsyuk, who isn’t expected to make his season debut until November after undergoing ankle surgery.
As good as those two forwards still are, the Red Wings have to hope that their younger players will be able to lead the charge sooner rather than later. The good news is that 19-year-old Dylan Larkin‘s campaign is off to a strong start with three points in two games while 23-year-old Teemu Pulkkinen scored twice on Saturday.
The Red Wings have opened the season with back-to-back wins against Toronto and Carolina, but tonight’s game represents their biggest test to date. Meanwhile, the Lightning are similarly undefeated after three games, but this contest will be particularly trying for them given that it’s their third game in four days.
PHT’s Morning Skate takes a look around the world of hockey to see what’s happening and what we’ll be talking about around the NHL world and beyond.
Although Connor McDavid‘s NHL career has only just gotten started, is he already the league’s most important player? (Sportsnet)
While we’re on the subject of McDavid, what should we expect from him for the remainder of his rookie campaign? (NHL Numbers)
Jack Jablonski was paralyzed on Dec. 30, 2011 at the age of 16 while playing high school hockey, but that hasn’t ended his pursuit of a career in hockey. He’s spent the last two years hosting a weekly hockey-talk radio program and has now joined the Los Angeles Kings as a communications intern. (Orange County Register)
Arizona State has earned its first NCAA victory. (Arizona Republic)
The 2015 Calder Cup champion Manchester Monarchs got their rings. (LA Kings Insider)
The Anaheim Ducks and the Make-A-Wish Foundation gave 13-year-old Kai Quinonez, who was diagnosed with aplastic anemia four years ago, a tremendous experience. (Orange County Register)