What if there isn’t true price discovery anymore because market makers, hedge funds, and the GSIBs that bankroll all of them with their customers 401k money, have colluded to artificially manipulate stock prices using algorithmic trading, PFOF etc?
What if there isn’t true price discovery anymore because market makers, hedge funds, and the GSIBs that bankroll all of them with their customers 401k money, have colluded to artificially manipulate stock prices using algorithmic trading, PFOF etc?