Tuesday, July 1, 2014

Dark Pools & Charts


Matt Levine:
The naive reading of that chart is: "We have a lot of institutional investors and very limited predatory trading in our dark pool." But the correct reading of the chart is: "We have software that allows us to produce this chart." The chart is a perfectly self-referential object, demonstrating only that the chart exists. The chart is a chart of how much chart there is.

No comments:

 
Creative Commons License
This work is licensed under a Creative Commons Attribution-No Derivative Works 3.0 United States License.