More about Robinhood and its history of regulatory problems... Massachusetts' Enforcement Division filed a complaint about the firm's aggressive growth tactics, its repeated outages and disruptions, which were well known and ignored while pushing growth, its...
Robinhood has just been fined $65m for overcharging its customers, despite trades being free of charge - the company sells its order flow, and the net result is that traders are overcharged $35m/y. The firm also mislead its clients in its advertising. But in the back...
Isn't that weird that the large execution platforms insist on easiness and low costs of trading, rather than showing stats of profitable traders? That's because "maybe 0.5% of day-traders earned more than the initial salary of a bank teller". Personal...
Quant hedge funds have had a bad year. One of their core factor, value, a staple of investment for many years, has strongly underperformed. Quants rely on backtests to see what has performed / is performing well. In a changing universe, models naturally have short...
No benefit in being alarmist, and there are far too many people talking about COVID than needed. But the markets remain 'truth midwives", and today's market fall is explained by these points: - The resurgence covid resurgence is much larger this Fall than it was in...
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