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@HideNotSlide

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Helping investors become smarter & more informed about exchanges.

LOST IN THE CITADEL SECURITIES
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    Hide Not Slide‏ @HideNotSlide 6 Dec 2020

    This is a 🔥 paper on the history of bucket shops and their influence on giving the common man access to the stock market in the 1800s. Has a lot of parallels to today's retail trading craze: https://elaineou.com/wp-content/uploads/2015/05/history-of-bucket-shops.pdf …pic.twitter.com/UO02SHFfIw

    12:32 PM - 6 Dec 2020
    • 9 Likes
    • Marc Rubinstein Doug Ott SteveMT the people’s alphaholic emily Rick Sanchez Chris Brendza Andy
    2 replies 0 retweets 9 likes
      1. New conversation
      2. Hide Not Slide‏ @HideNotSlide 6 Dec 2020

        In the 1800s, two things barred middle-class access to the stock market: accurate prices and high broker fees. Bucket shops solved both these problems - they bought professional ticker machines and allowed commoners to bet on stocks with small amounts of money.pic.twitter.com/oy4rxNQ7BM

        1 reply 0 retweets 1 like
        Show this thread
      3. Hide Not Slide‏ @HideNotSlide 6 Dec 2020

        Bucket shops were at first welcomed by the legacy exchanges, seen as a "democratized Board of Trade" Then the exchanges started losing market share.pic.twitter.com/9klc9cvofT

        1 reply 0 retweets 0 likes
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      4. Hide Not Slide‏ @HideNotSlide 6 Dec 2020

        Exchange & government officials soon changed their tune, labelling bucket shops as "gambling wagers dressed in respectable clothing". Bucket shops became outlawed in most states by the 1880s.pic.twitter.com/wX11P0t2JB

        1 reply 0 retweets 1 like
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      5. Hide Not Slide‏ @HideNotSlide 6 Dec 2020

        Robinhood is the 2020 equivalent of a bucket shop. - Low cost trading - Gambling tendencies - Immediate, accurate prices - Speculative customer base - Taking market share from legacy brokerspic.twitter.com/dgLwv6tcfT

        1 reply 0 retweets 6 likes
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      6. Hide Not Slide‏ @HideNotSlide 6 Dec 2020

        If only there was a wallstreetbets in the 1800spic.twitter.com/pG5sN9JWVU

        0 replies 0 retweets 2 likes
        Show this thread
      7. End of conversation
      1. New conversation
      2. ThePitChicago.com‏ @PitTrading101 14 Dec 2020
        Replying to @HideNotSlide

        This is great stuff!!

        1 reply 0 retweets 0 likes
      3. Hide Not Slide‏ @HideNotSlide 14 Dec 2020
        Replying to @PitTrading101

        Thanks! History doesn't repeat, but it rhymes. The markets were just as crazy then as they are now...

        0 replies 0 retweets 1 like
      4. End of conversation

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