"How much would a generically smart liberal arts graduate know about this subject within 2 weeks of hearing it existed?" successfully predicts about 98% of articles. (One can trivially cite the 2%, but they're not labeled "This is the one today which isn't mostly winging it.")https://twitter.com/greenwoodae/status/1099832077577379840 …
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Related questions that would just be mean: “How many order books are there for Google shares? Within an order of magnitude is fine.”, “A retail investor does a market sell for five shares. Which order book is impacted and how?” “Same question, institutional investor, limit, 100k”
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Reminds me of that article on Bloomberg written by the journalist covering "market structure" in which he identifies "manipulation" of the stable coin markets, evidenced by the highly suspect and inexplicable lack of volatility.
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To be fair, stablecoins *should* be volatile. The fact that they aren't is interesting. ("That defeats the purpose." Kinda, but zero coupon bonds don't stop being exposed to all the usual bond risks just because you call them coins.)
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I can draw an order book but I will not be able to explain HFT.
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Check out "Flash boys" then.
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