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Do you think that hedge funds paying credit card companies for transaction flow should be illegal? > Because I could, given enough experience in the industry
by prvit 4y ago
Do you think that hedge funds paying credit card companies for transaction flow should be illegal?
> Because I could, given enough experience in the industry and money to have servers close enough if it's highly time-sensitive signal, compete with said funds and specialists.
What benefit does the existence of this competition provide as opposed to insider trading? Why do you think that artificially enabling such an industry is a net positive?
- BbzzbB 4y agoYes, alt-data is different from insider information. You truly don't see a difference between someone analysing corporate flights to find and bet on potential M&A and Bobby Kotick (hypothetically) buying millions of ATVI ahead of announcing the deal he negotiated himself? That's like playing poker with someone sitting at the table who's connected to the casino's management and knows the order of the cards coming up. We'll never come to an agreement that this behavior should be accepted and is beneficial for the game.