Tag: information asymmetry

Cover artwork (cover.png) for the article titled The Market's Blindfold: Understanding Dark Pools, Hidden Venues, and Information Asymmetry.

The Market’s Blindfold: Understanding Dark Pools, Hidden Venues, and Information Asymmetry

The Understanding Market Mechanics series closes with the blindfold — the final veil that hides as much as it reveals. Markets are not neutral or transparent, but choreographed theatres of asymmetry where most begin at a disadvantage by design. This is not a guide to profit, but an invitation to awareness, humility, and the imagining of something fairer than the game we have inherited.

15 min read
Cover artwork (cover.png) for the article titled The Hidden Hand of the Market: Understanding Market Makers and Inventory Risk.

The Hidden Hand of the Market: Understanding Market Makers and Inventory Risk

Market makers are often described as neutral referees — silent guardians of liquidity. But neutrality is an illusion. This essay explores spreads, inventory balancing, OTC desks, adverse selection, and hedging to show how dealers shape price through vested interest. To see the hidden hand is the first step in no longer being led by it.

12 min read
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