11–20 of 130 posts
It's actually still possible to perform a specific type of legal insider trading. Example: you are an executive at E Corp and the company will announce its acquisition in two months. You had previously set up planned trades to sell x number of shares each month before then. Because the acquisition is at a premium on the current price, you will make much less money if you go forward with your trades before the announc…
It's actually still possible to perform a specific type of legal insider trading. Example: you are an executive at E Corp and the company will announce its acquisition in two months. You had previously set up planned trades to sell x number of shares each month before then. Because the acquisition is at a premium on the current price, you will make much less money if you go forward with your trades before the announc…
totally different
Earlier quoted context omitted.
That seems a bit of a stretch to call that insider trading.
Why? It's effectively the same action as placing a new order. Cancellations are, for instance, how lots of market makers alter their prices in reaction to events.
The tone of this article was really, like, interrupted by a prolific use of "likes." I wish it were so simple to hand-wave all security risks. Mr. Levine's ability to find a MySQL tutorial was quite impressive, but his dismissal of very real security concerns is childish. It's like saying cars are known to crash, so quit crashing cars. It's so, like, simple!
His finance audience doesn't want to know the details of the security problems, nor do they need to. However, it's valuable for them to realize how this information is just sitting around on a company DB for anyone who can Google "SQL injection" to steal.
Earlier quoted context omitted.
That seems a bit of a stretch to call that insider trading.
Why? It's effectively the same action as placing a new order. Cancellations are, for instance, how lots of market makers alter their prices in reaction to events.
So it is more effectively the same as deciding not to do what you have been doing every month. It would be impossible to enforce a prohibition against that, as that would effectively be a requirement to sell.
It's actually still possible to perform a specific type of legal insider trading. Example: you are an executive at E Corp and the company will announce its acquisition in two months. You had previously set up planned trades to sell x number of shares each month before then. Because the acquisition is at a premium on the current price, you will make much less money if you go forward with your trades before the announc…
Isn't maybe an alternative decentralized news publishing service a better idea? Couldn't the CEO of a company publish their financial news only on their own website at the given publication date? Why is it necessary for these news to be stored in some central news database days before their publishing date? And I mean these as honest questions because I have really no idea what the advantage would be?
And another related question: wouldn't it make sense with today's Internet infrastructure to reduce the interval between earnings reports. Maybe it could even be something like a continous automatic publishing of these company finances. Always when some financials change it could directly be published. That way all investors would at all times have the same information as the insiders, so everyone would be on the same level. Of course some extraordinary news like mergers or acquisitions might still give some people insider information who prepare the deal, but at least the quarterly earnings could not be insider information.
Earlier quoted context omitted.
Why? It's effectively the same action as placing a new order. Cancellations are, for instance, how lots of market makers alter their prices in reaction to events.
If I understand correctly, these are planned orders that are un-planned days if not hours before they go out to the exchange, not orders that are sent to the exchange but cancelled before they can be filled. The latter is what the market makers are doing. So it is more effectively the same as deciding not to do what you have been doing every month. It would be impossible to enforce a prohibition against that, as that…
Why would that be impossible to enforce? If you register a planned trade with the SEC you have to follow through with it or pay a fine equal to the amount of money you saved by not going through with it.