Correlation between stocks and tokenized stocks (2021) - eviltoast
  • AnimorphFan1996@lemmy.whynotdrs.orgOP
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    11 months ago

    you don’t understand statistics […] spend a little time reading […] It should be glaringly obvious […] utterly devoid of meaning […] Posting random pages […] just kinda sad […] you lack basic statistical literacy

    You are being rude, and this idiosyncrasy is significant. I will try to explain for you in simple terms. Although the price of a stock varies over time, at any given time, the price should be approximately the same across brokers. (And for tokenized stocks to substitute for non-tokenized stocks, then their prices also need to correspond.) When I buy a stock on Charles Schwab, then the price should be the same as when you buy the same stock on Fidelity. If you get a different price from me, higher or lower, then the price of the stock is wrong. No Bonferroni correction necessary. It doesn’t matter whether this happens for every stock or just one idiosyncratic stock. If the price is different, then the price is wrong.

    • TropicalDingdong@lemmy.world
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      11 months ago

      When I buy a stock on Charles Schwab, then the price should be the same as when you buy the same stock on Fidelity. If you get a different price from me, higher or lower, then the price of the stock is wrong.

      Tell me you dont understand how a market works without telling me you dont understand how a market works.

      • AnimorphFan1996@lemmy.whynotdrs.orgOP
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        11 months ago

        National best bid and offer

        National Best Bid and Offer (NBBO) is a regulation by the United States Securities and Exchange Commission that requires brokers to execute customer trades at the best available (lowest) ask price when buying securities, and the best available (highest) bid price when selling securities, as governed by Regulation NMS.