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Biotech / Medical : Biotech Valuation
CRSP 56.61-0.6%Nov 6 3:59 PM EST

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To: Arthur Radley who wrote (21178)9/7/2006 10:23:29 AM
From: Biomaven  Read Replies (2) of 52153
 
Well obviously they have access to all one's holdings and trades. But there's a difference between having access and going data mining through all their customers' trades like they were the NSA.

Certainly they have easy access to the totality of trades made - after all the major brokerage houses self-clear - if their customers sold 500,000 IBM and other customers bought 400,000 IBM, they just go to the clearing house for the net 100,000.

But that is very different from gleaning information based on how successful the account-holders have been and feeding that information to their own traders. My anti-conspiracy theory instincts tell me that if a major broker had been doing that then some ex-employee would have leaked the story to the WSJ by now.

Peter
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