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0 pointspbhjpbhj6y ago0 comments

Surely the order flow is mostly going to look like noise, random. But things like local information and employee information would provide some signal - correlated trading patterns - that indicates there could be some information available to inform a trade. Allowing one to either trade on the meta-signal or seek the information behind it (and then trade).

So if you've got a company and the city in which it's headquartered just gets a strong buy signal, sure that could be random but I'd imagine ...

Surely having the meta-data on who is trading and linking that to trades is the primary benefit?

0 comments

zelly6y ago

I would hope that spying on trades of employees of specific companies would be illegal, but it would not surprise me if Wall Street does use that information.

randomcarbloke6y ago

it isn't illegal and you can do it yourself, there are websites that show in (near) real-time interesting moves by employees/directors of companies liquidating or acquiring shares in their company.

kgwgk6y ago

You get the orders to fill, not the identity if the counterparty as far as I know.

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