Skip to content
By using Twitter’s services you agree to our Cookies Use. We and our partners operate globally and use cookies, including for analytics, personalisation, and ads.
  • Home Home Home, current page.
  • About

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @
  • Language: English
    • Bahasa Indonesia
    • Bahasa Melayu
    • Català
    • Čeština
    • Dansk
    • Deutsch
    • English UK
    • Español
    • Filipino
    • Français
    • Hrvatski
    • Italiano
    • Magyar
    • Nederlands
    • Norsk
    • Polski
    • Português
    • Română
    • Slovenčina
    • Suomi
    • Svenska
    • Tiếng Việt
    • Türkçe
    • Ελληνικά
    • Български език
    • Русский
    • Српски
    • Українська мова
    • עִבְרִית
    • العربية
    • فارسی
    • मराठी
    • हिन्दी
    • বাংলা
    • ગુજરાતી
    • தமிழ்
    • ಕನ್ನಡ
    • ภาษาไทย
    • 한국어
    • 日本語
    • 简体中文
    • 繁體中文
  • Have an account? Log in
    Have an account?
    · Forgot password?
    New to Twitter?
    Sign up
macrocephalopod's profile
macrocephalopod
macrocephalopod
macrocephalopod
@macrocephalopod

Tweets

macrocephalopod

@macrocephalopod

Paul Allen, Vice President M&A, Pierce & Pierce (Sie/Hir) | Vegan | Silence is Violence | Women’s Rights Are Human Rights | ACAB (Assigned Cephalopod At Birth)

Joined December 2020

Tweets

  • © 2022 Twitter
  • About
  • Help Center
  • Terms
  • Privacy policy
  • Cookies
  • Ads info
Dismiss
Previous
Next

Go to a person's profile

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @

Promote this Tweet

Block

  • Tweet with a location

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

    Your lists

    Create a new list

    Under 100 characters, optional
    Privacy

    Copy link to Tweet

    Embed this Tweet

    Embed this Video

    Add this Tweet to your website by copying the code below. Learn more

    Add this video to your website by copying the code below. Learn more

    Hmm, there was a problem reaching the server.

    By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.

    Preview

    Why you're seeing this ad

    Log in to Twitter

    · Forgot password?
    Don't have an account? Sign up »

    Sign up for Twitter

    Not on Twitter? Sign up, tune into the things you care about, and get updates as they happen.

    Sign up
    Have an account? Log in »

    Two-way (sending and receiving) short codes:

    Country Code For customers of
    United States 40404 (any)
    Canada 21212 (any)
    United Kingdom 86444 Vodafone, Orange, 3, O2
    Brazil 40404 Nextel, TIM
    Haiti 40404 Digicel, Voila
    Ireland 51210 Vodafone, O2
    India 53000 Bharti Airtel, Videocon, Reliance
    Indonesia 89887 AXIS, 3, Telkomsel, Indosat, XL Axiata
    Italy 4880804 Wind
    3424486444 Vodafone
    » See SMS short codes for other countries

    Confirmation

     

    Welcome home!

    This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.

    Tweets not working for you?

    Hover over the profile pic and click the Following button to unfollow any account.

    Say a lot with a little

    When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.

    Spread the word

    The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.

    Join the conversation

    Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.

    Learn the latest

    Get instant insight into what people are talking about now.

    Get more of what you love

    Follow more accounts to get instant updates about topics you care about.

    Find what's happening

    See the latest conversations about any topic instantly.

    Never miss a Moment

    Catch up instantly on the best stories happening as they unfold.

    1. Lily.wav‏ @nope_its_lily 16 Feb 2021

      Lily.wav Retweeted Buy Wall

      If this passes market go bye byehttps://twitter.com/talesmelodicpts/status/1361806203647520769 …

      Lily.wav added,

      Buy Wall @talesmelodicpts
      @nope_its_lily Do you know anyone who can parse the trading tax proposal and let us know if options would be taxed based on the premium or the notional value? e.g. $0.39 OTM PYPL contract taxed on $39 or $30,479 (100 shares x $304.79): https://www.congress.gov/bill/117th-congress/house-bill/328/text?q=%7B%22search%22%3A%5B%22Wall+Street+tax+act%22%5D%7D&r=1&s=1 …
      7 replies 2 retweets 55 likes
      Show this thread
    2. Lily.wav‏ @nope_its_lily 16 Feb 2021

      Liquidity becomes lolquidity

      3 replies 2 retweets 58 likes
      Show this thread
    3. macrocephalopod‏ @macrocephalopod 16 Feb 2021
      Replying to @nope_its_lily

      South Korea has a 10bp transaction tax and no obvious liquidity problems.

      3 replies 0 retweets 2 likes
    4. Lily.wav‏ @nope_its_lily 16 Feb 2021
      Replying to @macrocephalopod

      I guess it really matters what the profit margins of HFT options MMs here are. I don't think in a lot of cases they can absorb 10bp.

      1 reply 0 retweets 1 like
    5. macrocephalopod‏ @macrocephalopod 16 Feb 2021
      Replying to @nope_its_lily

      They wouldn’t continue quoting the same spreads if there was a transaction tax! Spreads would widen but more volume would be transacted near the NBBO because there is more profit margin built in for market makers. Not obvious that it’s worse for liquidity.

      3 replies 0 retweets 2 likes
    6. Lily.wav‏ @nope_its_lily 16 Feb 2021
      Replying to @macrocephalopod

      I mean. I suppose but at the end of the day liquidity in the standard sense of measurement (width of bid-ask) would likely decrease substantially, especially on fairly liquid tickers, no?

      1 reply 0 retweets 0 likes
    7. macrocephalopod‏ @macrocephalopod 16 Feb 2021
      Replying to @nope_its_lily

      Yes but the quoted bid-ask is not the main cost you pay when executing an order — the price slippage is. Saw an article earlier today which said you can frequently trade 1% of ADV in SK at the top of book price — that never happens in US.

      1 reply 0 retweets 1 like
      macrocephalopod‏ @macrocephalopod 16 Feb 2021
      Replying to @macrocephalopod @nope_its_lily

      I thought your whole thing re: liquidity was that trading moves the price more than it used to (eg thinner books, orders being pulled when the price moves toward them etc). A transaction tax fixes some of that (with other costs of course).

      3:26 PM - 16 Feb 2021
      • 2 Likes
      • Well-anchored Inflation Ruffian Speed
      1 reply 0 retweets 2 likes
        1. New conversation
        1. Lily.wav‏ @nope_its_lily 16 Feb 2021
          Replying to @macrocephalopod

          I'm not tracking why a transaction tax fixes that.

          1 reply 0 retweets 1 like
        2. macrocephalopod‏ @macrocephalopod 16 Feb 2021
          Replying to @nope_its_lily

          It incentivises MMs to warehouse risk instead of flipping it and incentives orders to build up near the best bid/offer (instead of tiny size at the NBBO with all real size further back which is what you see in the US)

          2 replies 0 retweets 4 likes
        3. Show replies

      Loading seems to be taking a while.

      Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

        Promoted Tweet

        false

        • © 2022 Twitter
        • About
        • Help Center
        • Terms
        • Privacy policy
        • Cookies
        • Ads info