Thu, 15:08: While I see a lot of people referring to Michael Lewis' The Big Short as a way of understanding the underlying mechanisms in relation to the Gamestop/WSB situation, I actually think his Fast Boys goes a lot further in detailing the current structure of market making.
Thu, 19:01: So do I have this right: if you "buy" shares through Robinhood you're just buying into a pool at the current price? I mean, you can "buy" fractional shares, which would be impossible any other way. In which case everything they're doing is legal, they're just closing out a fund.
Thu, 19:41: I'm really not sure about this, as much as I like Redgate and its people. The whole point about PASS is that it explicitly wasn't a vendor event. But also PASS was in a terrible state by all accounts, so here we are... https://t.co/5fJSSti5yB