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Unlocking Hidden Opportunities: Dennis Dick and Michael Gayed Talk Market Inefficiencies

Lead-Lag Live

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The Evolution of Trading

The markets have continued to change, market structure has changed very dramatically since I started Bright Trading back in 1999. Most of our traders have now extended that time horizon to adapt to the competition where they're sometimes holding stocks overnight from seconds to minutes or hours. We were trying to find relative in efficiencies, relative mispricings between securities. So and these misprichings can be short term fractions of a second or just seconds, but also we're talking about relative in pricing in an efficient second last days or weeks.

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