Closely related is the practice of Payment for Order Flow, where retail brokers route customer orders to specific market makers rather than to the exchange. This allows market makers to "internalize" the spread. To the retail investor, the market appears liquid and efficient; in reality, their orders are being siphoned off, preventing them from contributing to price discovery. The "secret" here is that the price on the screen may not be the price the market is actually willing to clear at.
"Guidance" is a company’s prediction of its future performance. Often, companies set conservative guidance to ensure they "beat" expectations when they report results. the undeclared secrets that drive the stock market upd
4. Psychological Dominance: Algorithms and Passive Investing Closely related is the practice of Payment for