alt Hacker NewsWe had them in the US before the SEC, which regulated them out of existence.
It’s likely the term is a pejorative referring to the Liverpool setup you describe.
We had them in the US before the SEC, which regulated them out of existence.
It’s likely the term is a pejorative referring to the Liverpool setup you describe.
Sorry, I meant Jesse Livermore's "Confessions of a Stock Market Operator," worth a read to anyone interested in the history of this stuff.