4 ms·
True, in general principle. In this case, I disagree. MFE was down similar to S&P 500 yesterday. After opening today, not so anymore (-3.6% vs -1%). So market p
by dsplittgerber 16y ago
True, in general principle. In this case, I disagree. MFE was down similar to S&P 500 yesterday. After opening today, not so anymore (-3.6% vs -1%). So market participants clearly did not incorporate the news into their immediate trading yesterday.
Also, whilst market participants watch news feeds, there is a clear difference between following news and trading the tape vs having an actual clue as to what a specific news item means in hard money for a company.