3 ms·
I think this is a UK/US disconnect. In the UK (and much of Europe) the point of many trading laws is to prevent trading on non-public information. In the US we
by thedufer 8y ago
I think this is a UK/US disconnect. In the UK (and much of Europe) the point of many trading laws is to prevent trading on non-public information. In the US we tend to think this is a dumb goal because much of the point of markets is to incentive price discovery, which is done primarily via trading on research. Thus, we tend to have a hard time believing that that is what the law really means, even if it is what it says.
- benj111 8y agoI think much of Europe is like this, not so much Britain. Matt Levine (highly recommend) spends time discussing this type of thing. A recent somewhat relevant article https://www.bloomberg.com/opinion/articles/2018-12-03/insider-trading-in-the-potato-trade https://www.bloomberg.com/opinion/articles/2018-12-03/inside...