Re:Class Action Lawsuit Filed Against Robinhood
by coliveira on Thursday January 28, 2021 @06:03PM
(#25950799)
Wall street tries be subtle most of the time, but in reality this is what they do everyday. Think about it: the big companies (Morgan Stanley, GS, BofA, Ameritrade) are selling stock to retail customers, and they know for a fact what companies people are selling/buying in volume each day, so they can make trades confident that they will make money. Nobody outside this group has direct information about the sell/buy levels of each stock, so this is a rigged game for them.
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Re:Class Action Lawsuit Filed Against Robinhood
by JumpCrisscross on Thursday January 28, 2021 @06:07PM
(#25950846)
> Nobody outside this group has direct information about the sell/buy levels of each stock
Order books have been nationally integrated since 2005 [1]. This is how independent HFT firms got their start.