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GME has been trading at $2 spreads. SPY trades at $0.01 spreads.
by dcolkitt 6y ago
GME has been trading at $2 spreads. SPY trades at $0.01 spreads.
- chollida1 6y agoFully aware I’m in the industry. I stand by what I said:) You said something that was flagrantly wrong, I’m just trying to help correct you.
- dcolkitt 6y agoI’m in the industry too. Average PnL per share traded for a firm doing okay is about $0.001. A decent size firm might do 4% of ADV. Tape A trades about 1.5 billion shares per day. That’s 21 million annual trading revenue. GME traded 1 billion shares in the past week. PnL per share has been averaging close to $0.40. At 6% ADV (HFT market share spikes during volatile periods), that’s 24 million in revenue.