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Prediction Markets Are Becoming Retail Trading’s Next Dangerous Game
Two industries — retail trading and prediction markets — are growing at extraordinary speed, capturing the time and money of millions of people, wrapped in the language of empowerment and democratization. They look different on the surface. But spend any time with both, and a striking picture emerges: they share the same user base, the same psychological architecture, and the same uncomfortable gap between how they are marketed and what they actually deliver.
Select Vantage announces ‘Real Trading’, new book by CEO Daniel Schlaepfer, to be published by Forbes Books
New book by Daniel Schlaepfer challenges Wall Street’s automation obsession and argues that retail traders deserve better than gamified apps, opaque market plumbing and “funded trader” schemes built around failure.
The Trader Who Thinks Wall Street Sold Retail a Lie
How Daniel Schlaepfer built a global trading behemoth by betting on human judgment, and why he says the next retail platform has to do the opposite of the apps and “funded trader” schemes flooding the market.
Letter: High-frequency trading has meant fatter profits for large firms
Daniel Schlaepfer writes in the Financial Times: “The renaissance of high-frequency trading is real. The bigger question is whether it has made markets better, or simply made a narrow slice of the market better at extracting value.”
Democratization Or Delusion? In Retail Trading, The Information Gap Is The Elephant In The Room
Access alone does not eliminate asymmetry. In many ways, it simply exposes it.
Letter: Why off-exchange trading is bad for investors
Daniel Schlaepfer’s letter to the Financial Times warns that strategy crowding among HFTs and hedge funds is driving liquidity off public exchanges.
The Sunny New Frontier for Traders: Greece, Italy, Spain
For years, southern Europe’s markets were dismissed as risky, stagnant, or peripheral. But that story is quickly changing.
Citadel routing argument “doesn’t hold weight”, experts say
Citadel Securities and its allies are desperate to stop IEX Options’ market launch, but industry experts who spoke to Global Trading dismiss Citadel’s arguments as self-serving.
Jane Street’s Trading Secrets Spill Into Open and Face Rivals’ Scrutiny
A regulatory probe and bond documents show how a $42 billion war chest and an embrace of risk drive profits.
