4 ms·
He could have avoided being indicted just by making the trades immediately after the publication of the news. So he could have been ready with his stock, amoun
by nobrains 6y ago
He could have avoided being indicted just by making the trades immediately after the publication of the news.
So he could have been ready with his stock, amount and direction (buy vs. sell), and then do it immediately upon the publication, still giving him a time edge while having plausible deniability by claiming that he acted in public news.
- darawk 6y agoHFTs parse news like this the microsecond it comes out, so you wouldn't beat them. You might still be able to make some gains, but they'd be lower than trading ahead of time.