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HideNotSlide's profile
Hide Not Slide
Hide Not Slide
Hide Not Slide
@HideNotSlide

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Hide Not Slide

@HideNotSlide

Helping investors become smarter & more informed about exchanges.

LOST IN THE CITADEL SECURITIES
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    1. Hide Not Slide‏ @HideNotSlide Oct 4

      The prevailing narrative re the FTX/Alameda relationship is that it has a blurry ethical boundary bc Alameda probably takes the other side of most retail trades & has an information advantage. Doesn't this chart challenge that theory? They only execute ~5% of volume as of June.pic.twitter.com/CF3S3o4BBg

      8 replies 2 retweets 32 likes
      Show this thread
    2. Pigeaverse‏ @Pigeonomics Oct 4
      Replying to @HideNotSlide

      it seems like they literally made a ceiling for themselves at exactly 50% of total volume

      1 reply 0 retweets 4 likes
    3. LSF‏ @lightspringfox Oct 4
      Replying to @Pigeonomics @HideNotSlide

      Unless this is double counted bilateral flow, in which case they were the counterparty to almost every single transaction when they first launched.

      3 replies 1 retweet 16 likes
    4. Hide Not Slide‏ @HideNotSlide Oct 4
      Replying to @lightspringfox @Pigeonomics

      That may have been the case, but if they quickly attracted more flow & are now not a major % of overall activity, can we call that a success? We dont know if they were losing money at first to subsidize the business until liquidity improved

      2 replies 0 retweets 1 like
    5. Pigeaverse‏ @Pigeonomics Oct 4
      Replying to @HideNotSlide @lightspringfox

      wait. can you even algorithmically trade exactly 50% of an exchanges volume? i say that LSF is right, they literally hit the ceiling meaning they took the other side of every trade

      2 replies 0 retweets 1 like
      Hide Not Slide‏ @HideNotSlide Oct 4
      Replying to @Pigeonomics @lightspringfox

      I agree with you. They used to but don’t anymore. This chart makes me think that more people match with Jump on Robinhood than Alameda on FTX, something I wouldn’t have said before seeing this chart.

      7:26 PM - 4 Oct 2021
      • 3 Likes
      • Data.Internal.AccursedUnutterablePerformGender Pigeaverse
      0 replies 0 retweets 3 likes

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