Re:Nanex Gets $700k Whistleblower Award from SEC
by kasey_junk on Wednesday March 02, 2016 @02:58PM
(#11212544)
He edited it down an order of magnitude (and rightly so, it was clearly a typo).
That said, whenever any trading entity talks about their trading income, be suspicious, because that is usually just the difference between bought/sold (and fees) and doesn't account for the infrastructure costs of trading.
Thats why I like these public SEC documents so much, because they have to use GAAP so you know exactly what they mean.
> Full Year 2015:
> Net Income of $197.5 million
> Adjusted Net Trading Income of $500.7 million
His numbers seem pretty accurate.