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0 pointsEMM_3861y ago0 comments

> They provide market liquidity.

I actually know a little about this space. You know what the easiest response is that is always the answer?

"We provide liquidity".

Sounds important, most people don't get it, it works.

But it's not like the market is going to grind to a halt if Jane Street disappears overnight. Of course, people will say that. Not people telling you the truth.

I actually considered "but, but, THE LIQUIDITY!" in my answer but I felt there was sufficient snark.

0 comments

zie1y ago

Agreed, orders maybe wouldn't fill quite as fast, but it's not like markets would fall over and die.

alchemist1e91y ago

Yes they would. It would be a significant and catastrophic mistake to restrict trading based on feelings of envy. It would be technically negative in every measurement possible.

So many poor policies originate from Envy and poor reasoning not grounded in logic and understanding of free markets and economics. This would be yet another classic example of that.

zie1y ago

As we have talked about in the other part of this thread, envy has absolutely nothing to do with it. Stop thinking it does. You are starting to sound like a broken record.

> It would be technically negative in every measurement possible.

Since you believe this so strongly, can you provide academic sources for this perspective?

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0 pointsEMM_3861y ago0 comments

> They provide market liquidity.

I actually know a little about this space. You know what the easiest response is that is always the answer?

"We provide liquidity".

Sounds important, most people don't get it, it works.

But it's not like the market is going to grind to a halt if Jane Street disappears overnight. Of course, people will say that. Not people telling you the truth.

I actually considered "but, but, THE LIQUIDITY!" in my answer but I felt there was sufficient snark.

0 comments

zie1y ago

Agreed, orders maybe wouldn't fill quite as fast, but it's not like markets would fall over and die.

alchemist1e91y ago

Yes they would. It would be a significant and catastrophic mistake to restrict trading based on feelings of envy. It would be technically negative in every measurement possible.

So many poor policies originate from Envy and poor reasoning not grounded in logic and understanding of free markets and economics. This would be yet another classic example of that.

zie1y ago

As we have talked about in the other part of this thread, envy has absolutely nothing to do with it. Stop thinking it does. You are starting to sound like a broken record.

> It would be technically negative in every measurement possible.

Since you believe this so strongly, can you provide academic sources for this perspective?

1 more reply

j / k navigate · click thread line to collapse