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> Using sophisticated data analysis Curious what that entails. Does the SEC have some automated alerting of suspiciously well timed trades?
by arduinomancer 5y ago
> Using sophisticated data analysis
Curious what that entails.
Does the SEC have some automated alerting of suspiciously well timed trades?
- gene91 5y agoSEC and FINRA invest a lot in Data Analytics. Go to https://technology.finra.org/tech.html https://technology.finra.org/tech.html and you'll see that they use the same tools as the internet industry.
- cldellow 5y agoI'm not even sure you need sophisticated data analysis. The two people who did the biggest trades: - weren't involved in the finance industry (a school teacher and an equipment leasing business) - had never traded options before - did the brokerage know-your-client process to get approved for options 1-2 weeks before quarterly earnings came out - profited $884,000 and $175,000 A SQL query looking for people who made > 100K within 2 weeks of opening their account would catch these people, and probably have relatively few false positives.