dax

Unwinding the Goldman Sachs Myth

People must remember that GS vaunted "risk management " systems are basically and at the margin, all the former alumni and customers in varied and various positions of insight, power and insider knowledge- this network of information gets to gs first, before players in volved the traditional forms of distribution, and is realistically their "edge" in any market.

And as this edge gets "discovered" by the masses, new hidden venues are developed (dark pools, hidden program trading stats, etc) to retain the edge. This comes with the governments blessings, from current and former political patronage.

This skews the results and is anti competitive front running...maybe not illegal, but contrary to the mass market for sure.