The Ledger
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why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Karp: Pure quantitative trading has become a technological arms race for speed
“Primarily because I sort of felt like it was an arms race, which it certainly has become, but where it was just sort of a race for people who had faster machines and faster connections to the New York Stock Exchange.”
United Rentals went from inception to NYSE IPO in three months
“United Rentals, we started on Labor Day weekend, like my kitchen table down the street in 1997, and by the second week in December, we were publicly traded on the New York Stock Exchange, and Dan Tully, who was the chairman and CEO of Merrill Lynch at the time…”
New blockchains require bespoke technical integrations unlike traditional stock tickers
“When you integrate with the New York Stock Exchange, say that you have Amazon stock, and one day you have Amazon stock, and you integrate with the API, and you can trade it, and if Square, say, IPOs tomorrow, then you now just have a new ticker, and it's the s…”
Libby: Market makers lose trading against quant firms like D.E. Shaw
“When trading on the New York Stock Exchange, every client effectively gets charged the same price. So if you have D.E. Shaw, which if they're trading against you, they're usually winning. Like they know at this microsecond that something's mispriced, and if yo…”