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SHORT THREAD pls share: I was just discussing #footballindex with a very senior City stockbroker at work (non FI-user).
He quite literally couldn't believe it when I said that a SINGLE SELLER who lists 300 shares at a low price could drop a share's price by more than 20% (1/4)
He quite literally couldn't believe it when I said that a SINGLE SELLER who lists 300 shares at a low price could drop a share's price by more than 20% (1/4)
He was also appalled when I said that there is currently no transparency on market depth.
(Market depth = the ability to tell if a player's price is just one person's valuation, or whether 50 other traders are also offering that player for sale at the same price.) (2/4)
(Market depth = the ability to tell if a player's price is just one person's valuation, or whether 50 other traders are also offering that player for sale at the same price.) (2/4)
Frankly, he was amazed that the market hadn't TOTALLY collapsed. He suggested the following were needed URGENTLY as a minimum:
- Full transparency on market depth
- Circuit breakers
- Increase quantity of shares used to determine Buy Price
- Tighter offer zone.
(3/4)
- Full transparency on market depth
- Circuit breakers
- Increase quantity of shares used to determine Buy Price
- Tighter offer zone.
(3/4)
Transitioning to a fully functioning stock market is a fantastic plan but NOT something that should be done in stages.
@FootballIndex @FootballIndexCS PLEASE do something urgently - the market needs stabilising. Extreme volatility is not good for traders' mental health. (4/4)
@FootballIndex @FootballIndexCS PLEASE do something urgently - the market needs stabilising. Extreme volatility is not good for traders' mental health. (4/4)
