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How Wall Street gains from 'populist' trading movement


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(Reuters) - Steep gains in shares of GameStop Corp and other stocks this week have been described as populist market revolts. But among those out ahead are some of Wall Street s largest asset managers, which can realize gains both from their share stakes and from lending out stocks to short sellers.
Other beneficiaries include market-makers and trading systems that profit from huge volumes.
Many investors have not yet realized their profits by selling shares, and some platforms could later face disillusioned retail customers who bought into the rally too late, said Larry Harris, a former chief economist for the U.S. Securities and Exchange Commission and now a finance professor at the USC Marshall School of Business. ....

Leslie Adler , Larry Harris , Ross Kerber , Megan Davies , James Angel , Tim Mclaughlin , Sam Pierson , Blackrock Inc , Exchange Commission , Marshall School Of Business , Georgetown University , Stock Fund , Citadel Securities , Charles Schwab , Fidelity Low Priced Stock , Silver Lake , லாரி ஹாரிஸ் , ரோஸ் கேற்பெற் , மேகன் டேவிஸ் , ஜேம்ஸ் தேவதை , நேரம் ம்கிலௌஊகிலின் , சாம் பியர்சன் , கருப்பு பாறை இன்க் , பரிமாற்றம் தரகு , மார்ஷல் பள்ளி ஆஃப் வணிக , ஜார்ஜ்டவுன் பல்கலைக்கழகம் ,

GameStop saga: How Wall Street gains from 'populist' trading movement


GameStop saga: How Wall Street gains from populist trading movement
GameStop saga: How Wall Street gains from populist trading movement
Shares of GameStop and other heavily shorted stocks such as AMC Entertainment and BlackBerry shot up this week as they were pushed by traders on Reddit and other social media platforms, although they fell back on Thursday.
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UPDATED: January 29, 2021 16:44 IST
Outside a GameStop store people line up to purchase a Sony PS5 gaming console. (Photo: Reuters)
Steep gains in shares of GameStop Corp and other stocks this week have been described as populist market revolts. But among those out ahead are some of Wall Street’s largest asset managers, which can realize gains both from their share stakes and from lending out stocks to short sellers. ....

Larry Harris , James Angel , Sam Pierson , Gamestop Corp , Blackrock Inc , Exchange Commission , Marshall School Of Business , Georgetown University , Stock Fund , Citadel Securities , Charles Schwab , Wall Street , Fidelity Low Priced Stock , Silver Lake , லாரி ஹாரிஸ் , ஜேம்ஸ் தேவதை , சாம் பியர்சன் , கேம்ஸ்டாப் கார்ப் , கருப்பு பாறை இன்க் , பரிமாற்றம் தரகு , மார்ஷல் பள்ளி ஆஃப் வணிக , ஜார்ஜ்டவுன் பல்கலைக்கழகம் , ஸ்டாக் நிதி , கோட்டை பத்திரங்கள் , சார்லஸ் ஸ்க்வாப் , சுவர் தெரு ,