Would be interesting to measure the implicit cost of adverse selection in dark pools he mentioned. Place a bunch of small buy orders with set holding times on the dark pool. Place a bunch of small orders at the exact same moment on a guaranteed market with set holding times. Look at the PnL over many trades.
I would have to disagree with some of what he is saying. If you had a large order, as an informed seller/buyer, you would want to get as much of that filled via dark pools because it will not change the market prices. I would definitely use both, try the dark pools first so the market doesn't jack up the price before I get my size filled. Secondly, the people who really want to buy or sell (intrinsic buyers/sellers) the stock are going to do it anyway regardless of dark pool transactions. So I don't see how it decreases overall welfare.
@@snay6869um ah uh um uh uh uh uh uh ah um… i’m guessing you’re not a native english speaker. because this is the type or speaking they try to get you to stop doing in grade school
this guy definitly was on wall street he CANNOT TALK um uh um uh um uh um uhh R U FUKIN KIDDIN MEEEE - there is no way i can cmplete this, shame this guy seems like he knows his shit but umm UHH UMM UHH UMM UHH I CAN UM UHH CON.. UM UHH TIN... UM UNHH ...TINUE.. UMM UHH.. HISS>> Ummm UBHH SPEEECHH UMM UHHH UHHUSHUSHUSHSUHUHFFM this is wht it feels like listenin to him
wow I'm looking forward to become a crypto market maker and this definitely opened my eyes
lol take a shot everytime you here a "um uh um"
ummm...ahrrrr...I like this guy!
um ah umm ah me 2 :)
guys, he is not that bad of a speaker. get over it
I thought I might be the only one paying too much attention to "Um um um"
Does someone know any academic papers on black pool markets?
Have not heard this perspective elsewhere, interesting stuff.
Sounds like our current prime minister. Um…a…um
intersting findings on darkpool interference
Would be interesting to measure the implicit cost of adverse selection in dark pools he mentioned. Place a bunch of small buy orders with set holding times on the dark pool. Place a bunch of small orders at the exact same moment on a guaranteed market with set holding times. Look at the PnL over many trades.
Ummm ummm ahh ahhh
financial engineering money can disappear anytime
I would have to disagree with some of what he is saying. If you had a large order, as an informed seller/buyer, you would want to get as much of that filled via dark pools because it will not change the market prices. I would definitely use both, try the dark pools first so the market doesn't jack up the price before I get my size filled. Secondly, the people who really want to buy or sell (intrinsic buyers/sellers) the stock are going to do it anyway regardless of dark pool transactions. So I don't see how it decreases overall welfare.
thx nice
Bad video recording.Can you believe this is a university?
I can't lol
Would be interested to hear an update on latency as part of transaction costs for retails given the ubiquity of "free" share trades today.
couldnt watch this. the speaker needs some coaching for speaking
WHAT? he's speaking well enough
@@snay6869um ah uh um uh uh uh uh uh ah um… i’m guessing you’re not a native english speaker. because this is the type or speaking they try to get you to stop doing in grade school
this guy definitly was on wall street he CANNOT TALK um uh um uh um uh um uhh R U FUKIN KIDDIN MEEEE - there is no way i can cmplete this, shame this guy seems like he knows his shit but umm UHH UMM UHH UMM UHH I CAN UM UHH CON.. UM UHH TIN... UM UNHH ...TINUE.. UMM UHH.. HISS>> Ummm UBHH SPEEECHH UMM UHHH UHHUSHUSHUSHSUHUHFFM this is wht it feels like listenin to him
The speaker ruined it by with incessant “um” and “ah” and “argh” - annoying and distracting I had to stop the video as it was driving us up the wall.
Stfu.
your loss
That is why I listened with speed 2×