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People legitimately disagree about value. Investment horizon is a large factor. Two teams can do the opposite side of a trade and both profit on different horiz
by sambe 10y ago
People legitimately disagree about value. Investment horizon is a large factor. Two teams can do the opposite side of a trade and both profit on different horizons. Usually the agreement or disagreement is statistical, executed by a program in small fractions of a second. There is almost always some noise involved at the exchange, sometimes even some intentional randomness. It's not the same as getting people talk to each other about a project.
- bogomipz 10y agoLets review the claims I was responding to: "Deutsche has paid more than $9 billion in further fines and settlements related to claims of tax evasion; violating sanctions against Iran, Libya, Syria, Myanmar, and Sudan; rigging the $300 trillion Libor market' None of these are a byproduct of programatic trading.
- jimnotgym 10y agoAnd neither was this case. It was about one single dodgy trade