POL retweeted
From time to time, I get asked about books on market microstructure. It's crazy to think, but one of the best books on that topic is any Series 57 study book.
It's difficult to truly understand the plumbing that goes into trading U.S equities and derivatives without grasping the basics covered in that book. I believe juniors interested in trading would find it valuable.
Some examples are listed below.
- Stabilizing bids
- Position limits
- SSR impact on takers
- Volatility halts and imbalance crosses
- ADFs / ATSs
- Reporting requirements
- Quote minimums
- Trade through protections
- MPIDs for ADF participants
- Large trade requirements
- OCC assignment procedure
- In house margin reqs vs regulatory margin reqs
Etc
POL retweeted
How to get free sell-side research:
Evercore ISI - via Interactive Brokers (fee waived if you trade enough)
Morgan Stanley - open account via ETrade ($0)
Wells Fargo - open account via WF Securities ($30/yr)
BofA - open Merrill Edge account ($0)
Citibank - open Citi Self Invest acct (requires checking)
JPM - open self-directed JPM account ($0)
Stifel - sign up for Stifel Wealth Tracker ($0)
Special thanks to: @Kell_dog99 @timothychang01 @finance_sources @bingobongcap for sharing
Let me know what's missing / what else you can get for free or cheap.
POL retweeted
12/ 10x EBITDA — A compilation of every hedge fund activist presentation
10xebitda.com/hedge-fund-pre…