AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Lack of Liquidity in the Markets
Apple gained over a trillion in market cap in five, six months time. Some of that can be explained by the options trading but it seems to me that this lack of liquidity could help explain those dynamics. Today's market making operations post decimalization and the transition to electronic markets are left to high frequency traders who have the option to make a market,. And that means that there's much less capital that's actually out there to make amarket in these companies.