Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Trading Is Hazardous to Your Wealth [pdf] (2000). Parent comment
I'm just saying that systematic hedge funds make directional bets and hold positions overnight. These activities move the midpoint.
That is a hidden cost not visible in spreads or commissions. The SEC can't even measure that cost, only the intermediaries themselves can.
There are no comments on this comment yet.
I'm just saying that systematic hedge funds make directional bets and hold positions overnight. These activities move the midpoint.
That is a hidden cost not visible in spreads or commissions. The SEC can't even measure that cost, only the intermediaries themselves can.