The bucket shop proliferated because most of those people couldn't afford to meet the minimum order sizes by brokers on the exchange. So even though it was really just fictitious trading, and the bucket shops was the only place they could have any sort of participation in financial markets. And so after the exchanges cut off the ticker data flow to these bucket shops, whac patually killed them, the brokers on the real stock exchange realized, hey, there's all these people who are real interested in gambling and speculating,. It' probbd be better for our business to just take them on as clients than just to keep them out. But i do not presume to think that that must be the
In this episode of Infinite Loops, we spoke with Joe Weisenthal, Executive Editor of Digital News at Bloomberg. In this fun and thought-provoking conversation we chat: • NFTs • Bitcoin Believers and its viability • MMT • Robinhood • And MANY more sensitive subjects Follow Joe on Twitter (
Twitter.com/thestalwart).