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A bit of background around the company: They received the largest fine (until that point in history) for trying to use this to front run the market from their d
by thr_low_latency 3y ago
A bit of background around the company: They received the largest fine (until that point in history) for trying to use this to front run the market from their dark pool.
https://www.reuters.com/article/us-securities-regulation-itg-idUSKCN0QH1Q020150812 https://www.reuters.com/article/us-securities-regulation-itg...
- logicchains 3y agoThis is what Alameda was doing on FTX right? Crazy that they managed to lose money even though they had priority access to front run customer orders.
- thr_low_latency 3y agoTo be fair so did ITG.
- lordnacho 3y agoI think Alameda lost money doing silly bets and just losing it in the "don't know where I put it" way. Their MM operation was making lots of money according to someone I talked to. Just not enough to offset them setting it on fire.
- landoftheice 3y ago[dead]
- TacticalCoder 3y ago> This is what Alameda was doing on FTX right? Alameda did many illegal things, including lying to investors about their returns to get funding. And pump and dumping a huge lot of shitcoins which SBF created or funded. So I don't doubt they'd also frontrun their customers.