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I believe the large number of people using LLMs are capable of noticing when there is a hole in the market that is actively being used to steal people's retirem
by than3 3y ago
I believe the large number of people using LLMs are capable of noticing when there is a hole in the market that is actively being used to steal people's retirement money.
This announcement smacks of a fear trade to dissuade a lot of people from looking closer at things they shouldn't be looking closely at.
Backtest Gamestop and FRC. You'll notice two different inconsistencies with the options, and market makers actions/reactions even before the first breaking news that FRC was in trouble, or the fake news where people posted edited video claiming a bank run was in progress (on a Sunday, where the FRC sign was reversed in the wrong direction for a glass reflection relative to the position the shot was being taken from). Lets definitely get real here.
What happens when you create a lot of additional counterfeit shares in a market where the number of buyers or sellers on the ticker decides price action (up or down)... It goes down.
Ask yourself how holding/writing options works when a company goes into receivership, and how it differs when you are a market maker instead of a individual. Do you really believe there is no preferential treatment where the entity deciding has a conflict of interest (because its on the hook if the market maker is on the hook). How is that not jumping on the bandwagon of potential price manipulation to bankrupt a company (any company)?
Obviously do your own due dilligence. When they say its done on a case-by-case basis, and they have a vested interest in the outcome; shady stuff rarely ever gets punished; its how corruption and fraud work.
- rank0 3y agoAnomaly detection has been around for a long time. You don’t need a chat based LLM to analyze data. The beauty of the markets is that you can put your money where your mouth is. If you believe there’s an inefficiency go fill it yourself and become rich.