Beating Alpha

iterating towards truth

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Rules for electronic trading

Well presented arguments from Steven Spencer about electronic trading. To sum it up he offers three improvements which should be considered: Participants (mostly HFT) should not be able to see other orders then their own. If so, the trades should …

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Information safety hazard

Investors have this cognitive bias that “more information” helps they make better informed decisions. It turns out not to be true; more information helps them be more emotionally comfortable with their decision making – over confident in fact. Par…