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.
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.