/biz/ - Business & Finance

https://twitter.com/unusual_whales/status/1656636970674835457
https://www.wsj.com/articles/stock-clearinghouse-leaked-sensitive-data-trading-firm-says-11a7ed63
https://archive.. ph/OdZ92
>The Depository Trust & Clearing Corp. is “leaking sensitive trading data” via two little-known data feeds, brokerage Themis Trading said in the report, which it circulated to clients earlier this week.
>>The DTCC disputed the report. “We categorically reject any claim that our data products reveal or could be used to reveal confidential information, including the trading strategies of particular firms,” said Tim Keady, managing director and chief client officer at the DTCC.
>Mr. Keady said the DTCC’s feeds anonymized the firms doing the trading, provided only aggregated data across many transactions and came out with a delay—measures designed to eliminate the risk of information leakage.
L M A O.
"But.. but.. we anonymize it!!" [who gives a fuck if people are able to see that someone is buying HUGE blocks of shares of a company]
"But.. but.. we have it on a 3 day delay!!" [who gives a fuck! see above]
"But.. but.. we should be allowed to cheat!!" [no, you shouldn't!]
How about NO selling of data on stock transactions???
What the actual fuck. How the fuck are they going to get away with this (we all know how)
>The two data feeds...what kinds of firms are the heaviest buyers and sellers in individual stocks
>Still, one firm that the DTCC hired to test out the data feeds said they produced lucrative trading signals and called Investor Kinetics a “gold mine.”
CloudQuant, a firm that evaluates data sets for algorithmic traders, said it developed potential trading strategies using the two DTCC feeds. The strategy based on Equity Kinetics returned 17% annually, while the strategy based on Investor Kinetics returned 36% annually, according to the evaluations posted on CloudQuant’s website.
You too can get 17% or 36% annual returns, if you cheat!!
>Rule 7: All animals are equal
Pay to win!