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by code_biologist
1774 days ago
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Look into info about Jane Street and other HTF firms' manipulation of OTC stock prices via dark pools, as well as abuse of the authorized participant status to use the ETF mechanism to naked short sell (not just index arbitrage). The liquidity that's being provided is at the expense of real price discovery and is being used to con retail investors. If you search for "David Lauer interview", he's a former Citadel HFT that has spoken out about how the funds operating right now are a world away from the platonic ideal of market making you speak to. |
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