eclecticvalue Posted March 11, 2016 Share Posted March 11, 2016 http://blogs.wsj.com/moneybeat/2016/03/10/meet-forcerank-the-fanduel-for-stocks/ Interesting idea. Link to comment Share on other sites More sharing options...
Guest Schwab711 Posted March 12, 2016 Share Posted March 12, 2016 What market savvy folks would play this? In exchange for lower-cost day trading, you are forced into a limited holding period and pay a guaranteed transaction cost of 8% to 15% of your notional (I'm guessing they copy the payment structure of FD/DK). I can't see this catching on at all but who knows. Link to comment Share on other sites More sharing options...
Picasso Posted March 12, 2016 Share Posted March 12, 2016 I think I know just the savvy folk this product is geared towards.... https://www.reddit.com/r/wallstreetbets I can't wait to see hedge funds try to use market sentiment data on those day traders... Link to comment Share on other sites More sharing options...
ni-co Posted March 12, 2016 Share Posted March 12, 2016 I don't get it. Where's the advantage over just the market price of those stocks? Sports leagues don't have a market price—that's why it makes sense there. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now