Launched May ‘25

The Conks Professional Service.

Pro is the advanced (some would say unhinged) version of Conks, perfect for finance professionals, dealers, corporate treasurers, reserve managers, money market, short-term, and liquidity desks. The Group tab or Institutional option may be of interest to groups and larger firms.


For the plumbing pro or fan…

…Conks Pro expands on each theme we cover with additional depth, graphics, color, and ideas, as well as extra features. Ideally, we’d like to share more in our regular pieces but hold back to maintain clarity for the broadest audience possible. However, this means we cut out much of what we write, and that content will be valuable for those who are eager to decode a larger puzzle or happen to be market participants. Having a Conks and a Conks Pro publication will provide the ideal structure going forward. The primary Conks publication will remain unchanged, while Conks Pro will offer extra features. If you’ve enjoyed our work over the years and want to take your knowledge to the next level, subscribing to Pro will be a worthwhile investment.

The What: A Plumber’s Toolbox

  • Conks Pro “extended versions” of our signature articles on market structure & money markets delivered via (a rather swanky) PDF, containing additional depth, ideas, and color complementing the main publication, plus top plumbing content (such as relevant trade ideas* & links to worthwhile reads/research).

  • Conks Pro “feed”: updates, commentary, and anything worthy of your time related to STIR/plumbing. Delivered via a dedicated Substack chat feed. Plus, shorter additional notes when appropriate.

  • Lastly, a perpetual 15% off code at the Conks Store (useful for when infographic prints go live, as these will likely be pricey to produce)

The Price

Think of Conks Pro as an “addon” to the primary Conks publication, not a replacement. You will likely be benefiting from the main Conks publication and want additional depth per topic, and/or you work somewhere highly relevant (i.e. a broker-dealer, liquidity desk, market maker) that will gladly provide access.

  • Individuals: +$500 p/a (does not include regular Conks)

  • Smaller Groups: The group tab also provides flexibility for smaller teams.

  • Institutional (Fund, Trading Desk(s), Department, etc.): +$5000 p/a. If you are, work at, or attend a firm/institution of which many individuals would benefit, consult with your line manager and proceed to the signup page, choosing the Group or Institutional option depending on the number of readers. The Institutional price is based on ten individual users from one private or public organization accessing the content, but grants access to up to 25 users1 within the same organization. The latter is ideal for when 10+ individuals on one or multiple desks or departments are signed up to the main publication (as is the case) and will benefit from adding the pro version.


*DISCLAIMER: NOT FINANCIAL, LEGAL, OR TAX ADVICE.

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Conks is a newsletter by the (“Author,” “I”, “we,” or “us”)

Everything in this newsletter is for educational and entertainment purposes only and NOT investment, financial, legal, or tax advice. The author is not a financial advisor nor is he responsible for any financial loss you may incur by acting on the information provided in this newsletter.

Information in any article, email, and any other form of communication is not an offer to sell or a solicitation of an offer to buy any security. Before making investment decisions talk to your financial advisor. The author is publishing what he may or may not do with the securities mentioned, and it is not financial, investment, legal, or tax advice.

The author is not a broker/dealer, not an investment advisor, and has no access to non-public information about publicly traded companies. This is not a place for the giving or receiving of financial advice, advice concerning investment decisions, or tax or legal advice. The author is not regulated by any financial authority.

This is an educational newsletter. No content on the site constitutes—or should be understood as constituting—as investment advice or a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in this newsletter. The author is expressing his opinions on any particular asset, not urging you to buy or sell a security.

The information contained in this newsletter and the resources available for download through this newsletter is not intended as, and shall not be understood or construed as, financial advice. The information contained in this newsletter is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.

The author has done his best to ensure that the information provided in this newsletter and the resources available for download are accurate and provide valuable information. Regardless of anything to the contrary, the securities and positions the author talks about may or may not be held at the time of publication. Nothing available in or through this newsletter should be understood as a recommendation. You should consult with a financial professional to address your particular information. Seek advice from a professional.

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