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Other questions involve what rewards are needed to keep enough traders playing and how to determine winners.
If enough traders participated in the market, it would become, in the long run, a valuable predictor of housing prices in different cities.
And as long as Iraq kept its oil prices low enough, traders could make a tidy profit, even after buying the voucher and paying the surcharge.
If enough traders acted together, they would have got around the BBA's topping-and-tailing safeguard and banks would have been selling interest-rate bets at the same time as distorting interest rates.
While it is not clear that an end to Japan's currency interventions would lead to sales of Treasuries, the prospect seems to have enough traders worried so that reports like yesterday's could add to any bond sell-off.
As soon as enough traders decided to stop paying a premium for the $3 security, the lab market crashed.
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Trading on price disparities across markets is called arbitrage, and if the latency edge of a high-frequency trader is large enough, the trader can in some cases obtain a risk-free profit.
That was benign enough for traders on Friday.
He was a decent enough derivatives trader, but shy and socially inept, and he had another nickname too: Rain Man, after Dustin Hoffman's autistic character in the 1988 movie of the same name.
It isn't events that move markets, but reactions to them, so long as they are shared by a big enough bunch of traders.
Before the markets opened, the Labor Department announced that weekly jobless claims fell 11,000, to 457,000, which was slightly more than forecast but not enough to sway traders.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com