IS is the biggest pile of crap in level-III, worse than GIPS.
No formulas, all conjecture and vague math to prove it’s pretty difficult to implement large trades. Phantom costs suck and so does IS
IS is the biggest pile of crap in level-III, worse than GIPS.
No formulas, all conjecture and vague math to prove it’s pretty difficult to implement large trades. Phantom costs suck and so does IS
Even I got trapped in this. Why didn’t they use the Benchmark Price in the denominator (which is Monday’s close price)?