Viewing profile — bjcohen

Look again - this entire website is clearly a joke.

I could be wrong, but I don't think that's how settlement works. Making a market would be impractical from a capital perspective for any players. I would assume DTCC nets out its e…

Paper is here I believe: http://faculty.haas.berkeley.edu/hender/NBBO.pdf . The 377k number is at the bottom of p. 10. Since he believes there's no capital at risk, the starting am…

No. The primary purpose of Volcker was to stop prop trading at insured banks. Most HFT is done by smaller shops.