No idea whether it’s true, and I have no idea who the bad guys are here, but this thread is very entertaining if you enjoy high stakes financial heist plots
Toxic @toxic
26 Jan 2021
Step 0: Citadel pays Robinhood for order flow. Citadel gets to see RH's orders a few milliseconds before they're filled. Citadel may choose to front-run some of those trades. Step 1: RH's customers and WallStreetBets start manipulating $GME. This is happening in the open.
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I think the executive statement is “it’s vampires all the way down”. The more I learn about the stock market, the more I get the impression that there really aren’t many “good guys”, just different shades of, well, shady.
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It feels a lot like somewhere in whole leveraging, shorting and algorithmic trading business the stock market has lost what its supposed purpose is.
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Replying to @xLeitix
“lost” would imply that at some point it actually had it. I’m not too sure about that

Jan 28, 2021 · 11:43 AM UTC

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Replying to @stilkov
Broken down *really* far I think the idea of dividing ownership of large companies into small shares, which even small- and medium-sized entities can realistically buy it, is not bad. It’s the short-term trading that adds nothing and destroys much.
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Probably right. There’s absolutely no value for society in HFT, and it gets progressively more sane the longer the holding time
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