Curious where my name “Hide Not Slide” comes from? There’s an interesting story behind it. The story perfectly captures why exchanges are so interesting to understand and follow.
We begin in 2008 
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Around the same time,
@HaimBodek – a successful ex-Goldman volatility trader – begins mysteriously losing money in early 2009:pic.twitter.com/Q5xdjLxcGg
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Bodek tirelessly investigates why his models suddenly broke, and finally overhears the reason at a Direct Edge holiday party – Hide Not Slide orders. Instead of staying quiet, Bodek goes public with the discovery and exposes the Hide Not Slide market cheat code:pic.twitter.com/1ZXDRHOimd
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Some time later, Bodek’s tip results in a record $14 million fine against Direct Edge:pic.twitter.com/jIMeOoVfl3
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Aftermath: ① Direct Edge merges with BATS, and BATS is bought by CBOE ② Michael Lewis’s book Flash Boys sheds more light on HFT and exchanges; IEX is born. ③ Haim Bodek goes on to work with
@sanglucci and writes multiple books on dark pools and tradingShow this thread - End of conversation
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