"...stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges... That price formation is not {reflective} of supply and demand..." - eviltoast
‘Meme’ stock prices may not properly reflect demand -NYSE president
www.reuters.com
The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.