LIQUIDITY = QUALITY?

  BR0CHURENEW  

The liquidity that the great part of the investor interprets as key element in order to characterize the goodness of a covered warrant is in some cases fruit of one manipulation basement between scalper and Maker Market. It is left above all from the presupposed one that the MILIMETER is in competition the uni against the others, but that the traders in cw they are in competition with all: with same the issuing ones, but also with the other investor. After such premised it is easy to intuire why some MILIMETER and traders is " unites you " for a mutual aid: the MILIMETER exposes elevated amount in money and in letter, looking at itself therefore to increase the respective market shares and other the trader, defined political appropriating pricing with the MILIMETER, indisturbati can operate, without the famous typical disadvantages of inefficiency of the Mcw (spread, volatilità, disturb from part of others trader, delays...). The Mcw is therefore a market in which the, not only MILIMETER and i trader they make competition between of they, but in which they can also be created of the dangerous " cross-sectional alliances ", that they risk to render the entire development of the dealings still more indecipherable and little transparent. Just E' to remember to this point, than the Mcw it is created in order to approach the small investor the world of derives to you and that it is Ditto the market of the options dedicated to the professional investor.

Edited by   Riccardo Catalani

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