Sharks in the market
The traders are always focussing on the 'syndicate' or 'algo' which is out to 'get them', causing them to lose money or not make as much. I'd like to start a series on who is the biggest shark in the market. And there is a pecking order on who the biggest sharks are.
No 1 shark: The Exchange, no matter what the traders or syndicates do, the exchange is printing money every day, rain, hail or shine. They are happiest when traders overtrade and churn volume, so it comes as no surprise that they market their 'marketplace' to encourage overtrading and churning of volume. That is why every year they have 'Prize' for the top churner of volume as Local Participant.
Akin to the Great White Sharks in our oceans, their job is to search and destroy.
Akin to the Great White Sharks in our oceans, their job is to search and destroy.
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