Simkin: Traders should not back limited opinions against informed counterparties
Todd Simkin · #119 Todd Simkin: Making Better Decisions · Sep 7, 2021 · at 3:16
Todd Simkin, trader at Susquehanna International Group (SIG), outlines the firm's trading philosophy regarding information asymmetry in financial markets.
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“Our approach is to recognize that we are often on the bad end of informational asymmetry that other people who are looking to trade in the markets frequently know more than we do. And as a result, we don't want to back our own limited opinion against a more informed counterparty.”
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