
Snapshot: Going Beyond Daily Index Moves—A Practical Guide to Spotting Top Share Market Gainers, Losers, and Their True Impact
When the share market index flashes red or green, the impulse is to hunt for the day’s top gainers and losers. But as I’ve learned through trial and error (and a few embarrassing misreads), the real insight comes from figuring out not just which stocks moved, but which ones truly swayed the index. This article dives into my hands-on process for identifying the most influential gainers and losers, breaks down industry tricks for tracing index movements, and unpacks the differing global standards for “verified trade” with a side-by-side comparison—including a simulated dispute between two countries. I’ll also tap into expert voices and cite real regulatory sources, to make sense of what’s often an opaque corner of finance.
How I Track Today's Top Gainers and Losers—and Why That's Only Half the Story
Let’s be honest: Most stock tracking sites make it easy to find the day’s biggest gainers and losers in the index. But, as I discovered one rainy Tuesday, that list doesn’t always tell you who really moved the market. Here’s how I learned to go deeper.
My Usual Workflow: Quick Steps with Screenshots
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Find a Reliable Source: I typically start with Investing.com or Bloomberg Markets—they update fast and list gainers/losers by index.
- Look for the 'Impact' Column: Some platforms (like NSE India for Nifty) show how much each stock contributed to the index move. Many US and European sites don’t, so you have to dig.
- Manual Calculation (the Hard Way): If 'impact' isn’t displayed, I grab the index’s weighting methodology (for S&P 500, it’s market-cap weighted), check each stock’s weight, and multiply by its price change. Trust me, this is tedious—one morning, I spent 30 minutes tracking down Apple’s exact index weight, only to realize I was looking at last quarter’s data.
- Compare Against Headlines: Big gainers by percent aren’t always the big index movers. On July 27, 2023, for example, Meta jumped 8%, but because Apple and Microsoft are so much heavier in the S&P 500, their smaller moves had a larger index effect. Here’s a real news snapshot from that day.
A Real-World Mistake—And What It Taught Me
Early in my career, I confidently told my boss that a biotech stock’s 15% surge would pull the index up. What I missed: it had less than a 0.1% weight in the S&P 500. Meanwhile, Apple’s 2% move actually drove the day’s rally. I learned quickly to always cross-check index weights—something index providers like S&P Global publish monthly.
Expert Insight—What the Pros Do
I once attended a webinar with Jane Street’s equity strategist, who explained:
"If you want to know what moved the index, always start with the top five weighted stocks. Even if a small-cap doubles, it won’t budge the S&P 500 unless it’s in the top tier."
They also recommended checking the official index provider’s daily bulletin. For example, the FTSE 100 and Nasdaq 100 both publish major movers and their index impacts after the close.
Global Twist: How 'Verified Trade' Standards Differ Across Borders
While tracking stock moves sounds straightforward, I realized not all countries even define “verified” trades the same way. This matters for cross-border listings and when comparing global indices. Here’s a quick comparison table based on WTO, WCO, and regional laws:
Country/Region | Standard Name | Legal Basis | Enforcement Agency | Key Differences |
---|---|---|---|---|
United States | SEC Rule 17a-1 (Trade Verification) | Securities Exchange Act 1934 | SEC | Requires timestamped, third-party verified trades; T+2 settlement |
EU | MiFID II Transaction Reporting | MiFID II Directive | ESMA | Stricter reporting, includes counterparty disclosure |
China | Trade Verification Circular 2019 | CSRC Regulations | CSRC | Centralized verification via Shanghai/Shenzhen exchange |
India | SEBI Trade Confirmation | SEBI (Stock Brokers) Regulations | SEBI | Mobile/email confirmation required for all retail trades |
For reference, you can check the official documents: SEC Rule 17a-1, MiFID II, CSRC Regulations, and SEBI Regulations.
Case Study: When Two Countries Clash Over 'Verified' Trades
Let’s say a German-listed tech stock (under MiFID II) is cross-listed in New York. One day, a high-volume trade is flagged in Germany for missing counterparty details—a MiFID II must-have—but it clears US SEC checks, since US law doesn’t mandate the same disclosure. The two exchanges have to freeze the trade and launch a joint investigation, delaying settlement. According to OECD documentation, such disputes are increasing as cross-border trading grows.
Industry veteran Alex Lin (formerly of the WCO) once told me at a conference:
"Trade verification is only as strong as the weakest legal link. If there’s a mismatch, the stricter jurisdiction usually wins, but it can snarl up settlement and rattle investors."
Personal Takeaways and Practical Tips
Honestly, the more I dig into daily market moves, the more I respect the index’s quirks. It’s tempting to chase after the top percentage gainers, but unless you factor in index weights and cross-check regional rules, you’ll only get half the picture. I’ve messed up by not checking local “verified trade” criteria when comparing data across markets—so now, I always check the enforcement agency’s latest bulletins for guidance.
To wrap up: when figuring out which stocks moved the index most today, go beyond surface-level gainers/losers. Look at index weights, check official impact columns, and be aware of international standards if you’re comparing across borders. Real-time headlines and official bulletins from index providers are your best friends here. And if you ever get tangled up in a cross-border trade dispute, remember: it’s usually the stricter regulator who calls the shots.
Next step? Try running today’s index list against the actual weights (they’re posted monthly by S&P, FTSE, etc.), and see—not just who gained, but who truly mattered. (And if you find a better shortcut, let me know. I’m always up for less spreadsheet pain.)

Summary: Decoding Share Market Index Movers—A Practical Dive
Have you ever stared at the end-of-day market summary, wondering not just which stocks topped or tanked, but why the index itself swung so wildly? This article is about demystifying exactly that: how to uncover the real drivers behind today’s share market index moves, with hands-on steps, lived experience, and a few honest missteps along the way. We’ll also peek into global standards for “verified trade” and how regulatory approaches differ, something surprisingly relevant for investors who care about transparency and cross-border listings.
Why the Index Moved: More Than Just Gainers and Losers
Most days, the news headlines trumpet the “top gainers and losers” in the share market. But if you’ve ever tried to figure out who really moved the index—say the NIFTY 50, S&P 500, or FTSE 100—you’ll know it’s not as simple as picking the stock with the biggest percentage jump. I’ve spent years tracking these moves for both personal investing and as part of a financial analysis team, so I’ve made (and fixed) nearly every mistake in the book.
Let me take you through a typical day, where the index moves up 1.5%, but the biggest gainer only climbs 4%. Odd, right? Sometimes, a heavyweight like Reliance or Apple sneezes and the whole market catches a cold. Other times, a bunch of smaller stocks all move in sync and tip the scales. There’s a method to the madness, and it’s more accessible than you think.
Step-by-Step: How to Identify Key Index Movers (With Screenshots and Stories)
Step 1: Start With the Official Index Page
My go-to move? Head straight to the index provider’s official site. For example, for the Indian market, that means NSE India; for the US, it’s S&P Dow Jones Indices. These pages will show you the day’s change, but more importantly, they often list contributors to the move.
Here’s a real trick I picked up: On the NSE site, after clicking “NIFTY 50,” there’s a “Contributors” tab. This shows which stocks added or subtracted the most index points—not just their percentage change. I once spent an hour sorting by percentage gain before realizing the real index mover was actually a banking stock with only a modest move, but a huge index weight.
Step 2: Cross-Check With Market News and Analytics Tools
Don’t just rely on one source. I like to open Moneycontrol’s market summary (link) or Bloomberg Terminal if you have access. Both show “top gainers” and “top losers” in the index on the day. But—and here’s a common pitfall—the biggest percentage loser may have almost zero impact if it’s a small-cap or has low index weight.
For example, during the 2023 Adani Group selloff, Adani Enterprises had a huge price drop, but it was the movement in HDFC Bank that made the NIFTY nosedive, due to sheer weighting. A screenshot from Moneycontrol’s “Nifty Contributors” page shows this at a glance.

Step 3: Calculate Index Point Contribution Yourself (If Needed)
If you want to go full nerd (which, let’s be honest, sometimes pays off), try calculating the contribution manually. Here’s how I do it:
- Find the index weighting for each stock (usually available on the index provider’s site).
- Multiply the stock’s percentage move by its weight.
- For price-weighted indices (like the Dow), use the absolute price change.
I once messed this up by forgetting to adjust for free-float weighting (some indices use only the publicly traded portion of the company). It’s a good reminder: always check the methodology document. For the S&P 500, see official S&P methodology.
If you’re more of a spreadsheet person, plug in the numbers and see how even a 1% move in a heavyweight like TCS or Microsoft can outweigh a 10% move in a much smaller component.
Step 4: Use Specialized Platforms for Visual Insights
Some platforms like TradingView or Refinitiv offer heatmaps. These let you spot at a glance which sectors or stocks “lit up” the index. Once, I spent half an hour squinting at tables before realizing TradingView’s heatmap made the story obvious: IT and banks were green, pharma was deep red, index up.

Case Study: When One Stock Moves the Market
Here’s a story from January 2023. The NIFTY 50 moved down sharply by 2%. The headlines were all about Adani stocks, but digging into the contributors tab showed it was actually HDFC Bank and Infosys that knocked off the most index points. On the Moneycontrol forum, user “MarketHawk” posted: “Everyone’s blaming Adani, but HDFC alone took off 40 points today!” (source).
This is why I always double-check the index contributors page before drawing conclusions.
Comparing "Verified Trade" Standards Globally
Now, if you’re following globally listed stocks or ETF indices, you quickly realize that rules for what counts as a “verified” market trade differ. Here’s a comparison table I put together after digging into official docs from the WTO, US SEC, and others.
Country/Region | "Verified trade" Standard Name | Legal Basis | Enforcement Agency |
---|---|---|---|
United States | Reg NMS (National Market System) | Securities Exchange Act | SEC |
European Union | MiFID II Verified Transaction | MiFID II Directive | ESMA |
India | SEBI Verified Trades | SEBI (Stock Brokers) Regulations | SEBI |
Global (WTO) | Trade Facilitation Agreement | TFA Article 10 | WTO Members |
The upshot? A “verified” trade on the NYSE may not meet EU MiFID II standards for transaction transparency, which matters if you’re comparing cross-listed stocks or ETF baskets. The US SEC’s Reg NMS focuses on trade execution quality, while MiFID II is stricter on reporting and transparency (ESMA guidelines).
Industry Expert Take: The Real-World Impact
I once interviewed a compliance officer at a major US exchange, who put it bluntly: “A trade considered finalized and reportable in New York might get flagged for review in Frankfurt. For index calculation, those nuances matter, especially in volatile sessions.” It’s a reminder that even “simple” index moves can hide a web of regulatory and technical differences.
Wrapping Up: What Actually Moves the Market—And Why It Matters
So, let’s bring it home. If you’re tracking today’s share market index, don’t stop at the headliners. Drill down into the contributors—use the official index website, cross-check news sources, and, if you’re game, do the math yourself. If you’re trading across borders, be mindful that “verified” trades might mean different things depending on the regulatory regime. Transparency is improving, but it’s not perfect—so always double-check.
On a personal note, I’ve learned more from my mistakes—like misreading contributor tables or assuming regulatory rules are global—than from any textbook. If you’re new to this, don’t get discouraged if you find yourself lost in the data swamp. Everyone messes up at first. My advice: take screenshots, keep notes, and always ask “why did this stock move the index so much?” The answer is rarely as simple as you think.
Next step? Try tracking the index contributors for a week and see how often the biggest headlines match the actual index movers. You might be surprised. And if you want to dig into the regulatory nitty-gritty, check out the official links above for some weekend reading.

Quick Summary: Tracking Share Market Index Gainers and Losers, and How to Spot Big Movers
Today’s share market index can look like a wall of numbers, and it’s easy to miss which stocks actually made the biggest difference to that massive score at the top. If you've ever wanted to know not just who were the top gainers and losers, but also how to identify the biggest contributors to index swings, this article is your real-world handbook.
What Problem Does This Article Solve?
You're looking at the Nifty 50 or S&P 500 in the morning, nodding sagely. Index is up 1.2%. You nod again, but what does it really mean? Which stocks mattered most? Are some tech giants dragging everything? Was it just Reliance Industries or did a bunch of mid-sized banks have a party? More importantly, where do you click to get this breakdown—and is it even reliable?
In this article, I’ll walk you through hands-on ways (complete with screenshots, real mishaps, and a little rant about glitchy apps) to spot the top gainers and losers, and to figure out what really moved the index today. Plus, I’ll add some practical lessons on international standards for "verified trade", because comparing local and global market data sometimes brings in cross-border quirks worth knowing.
Table of Contents
- How Do You Actually Find the Top Gainers and Losers Today?
- How to Identify Which Stocks Drove the Index
- Real-World Example (with images, mistakes, and "aha" moments!)
- Comparing "Verified Trade" Standards by Country
- Expert Views & Official References
- Final Thoughts and What to Try Next Week
How Do You Actually Find the Top Gainers and Losers Today?
Let’s say you're looking at India’s Nifty 50. Here’s the "normal" script most folks follow—plus what actually happens if you poke around:
- Go to an Official Market Website. For Nifty, that’s the NSE India website. For US markets, try NASDAQ or NYSE.
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Look for 'Top Gainers' and 'Top Losers' Widgets. Commonly shown as leaderboards. Click, and you’ll get something like:
(Okay, that’s a CSV link, but on the site, it looks more like a colorful table. Screenshot it for your own notes. Mistake I made: once clicked too fast and got the F&O gainers instead—completely wrong list!)
Actual table columns: Script Name, Last Price, Net Change, % Change, Volume. Best to sort by % Change. -
For Full-Index Movements: Official apps like the NSE Mobile App, Yahoo Finance, or TradingView often have “Heatmaps.” Heatmaps visually show greens and reds by stock weight—a fast way to see what moved.
- Missed a Step? Sometimes I’ve accidentally checked yesterday’s or pre-market gainers, so always confirm today’s date.
Note: In the US, you can also use Finviz for epic visual overviews, especially for S&P 500 constituents.
How to Identify Which Stocks Drove the Index
Spotting the biggest gainers and losers is one thing, but who actually moved the index total the most? That’s often not the same as % change, because index movement is all about market capitalization weight. For example, if a heavyweight like TCS moves 2%, that can matter more than a 10% move in a tiny stock.
Step-by-step (My Actual Process):
- Open the Nifty 50 Index page (or S&P 500, etc.).
Example: Nifty 50 Official Data -
Download component data (there’s often a “Download as CSV” button at the bottom—though sometimes it’s hidden or creates a weird symbol-spreadsheet. I once spent 20 minutes opening it wrong in Google Sheets).
- Now, check for Weightage and % Move columns. If not present, you’ll need to plug current values and market caps into Excel. There are calculators online (try Google: “Nifty index stock contributor calculator”), but beware of old/buggy links.
- Find “Top Contributors to Index Move” tables—sometimes called “Point Change” rather than percentage.
Pro Tip from NSE: At this page, there’s often a “Contribution to Change” column if you expand the table. If not, plug into Google: “site:nseindia.com index contributors.”
What If You Want This For US Markets?
- TradingView, Yahoo Finance, and Barchart have “Movers by Index Weight.” Example: S&P 500 Movers.
- For old-school folks, the S&P official site: S&P 500 Index Data has component tables (but can require a free login).
In short, finding “who really moved the index” is all about weight—giants like Reliance, HDFC Bank, Apple, or Microsoft often matter more than the day's hottest penny stocks.
Real-World Example: Today’s Nifty Move (Simulated Walkthrough)
Let’s say today, the Nifty 50 jumped 1.2%. Clicking on the heatmap, I notice HDFC Bank is up 6%, Reliance up 1%, and L&T is flat. But among the gainers table, Tata Consumer is up 9%. Surprise! The top “% gainer” isn’t the top “index mover.”
So, I double-check the “Contribution to Change” column on NSE:
- HDFC Bank: +52 points (Wow, that’s the largest chunk!)
- Reliance: +20 points
- Tata Consumer: +3 points (still huge in %. Small in points)
Exactly as expected—big movers by size, not just %.
Mistake I made? I once spent 30 minutes tracking the entire “top gainer” list feeling clever, only to realize ICICI Bank had barely budged in price, but (because of weightage) still provided a chunk of the index jump.
For reference, NSE publishes helpful learn articles about weightage here: About Index Calculation.
International: "Verified Trade" Standards (Table and Law References)
Knowing what’s "real" or "verified" in an index differs by country, especially if you track cross-border ETFs. Here’s a simplified comparative table:
Name | Law/Regulation | Managing Authority | Verification Criteria | Reference Link |
---|---|---|---|---|
India: NSE Verified Trades | SEBI Circular SEBI/MRD/SE/AT/36/2003 | NSE; Securities and Exchange Board of India | Real-time mandatory reporting; all trades time-stamped | SEBI Circular |
USA: Reg NMS Trades | Securities Exchange Act of 1934, Reg NMS Rule 611 | SEC, NYSE, NASDAQ | Consolidated tape; audit trails for all trades | SEC Final Rule |
EU: MiFID II Trade Reporting | Directive 2014/65/EU (MiFID II) | ESMA, local EU regulators | Post-trade transparency, public reporting within 15 min | ESMA MiFID II |
This means whenever you look up "verified" market moves in different countries, the trade timing, data source, and validation rules can vary. For daily-gainer data, this sometimes explains why international ETFs or index trackers might lag or show different results moment to moment.
Expert Insight: Disputes over Trade Verification
Industry veteran @ChetanTrader grumbled in an X Spaces this March: “We miss true price discovery unless the backend trade data is plugged straight from validated exchange pipes. Many free dashboards lag minutes behind, skewing big-mover tables—especially in volatile sessions.”
Imagine this: A major ETF tracking US and European markets issued a formal complaint in 2022 (source: FT, paywall) because trade settlement times in Brussels (T+2) didn’t match real-time NYSE trade execution (almost instant). Some international index funds held off publishing “day’s top movers” until next-morning reconciliation—leading to customer confusion and Twitter outrage.
(Expert opinion: To really verify a stock’s move in short windows, always cross-check with the managing authority’s published files—not just app overlays. Especially true during global events!)
Summary, Reflection, and Next Actions
If you’re actively checking who drove today’s share market moves, remember: not all “top gainers” power the index, and not every source is equally timely or verified. Based on practical poking around:
- Always check official or regulated portals when accuracy is vital—especially in global indices or when trading via ETFs!
- When in doubt, download CSVs and double-check weightage math (I’ve made mistakes copying weights from old tables—be careful, as weights change quarterly).
- For international index-tracking, mind regulatory timing gaps. What’s reported in Mumbai at 3:30pm may only settle in London the next day! (Reference: WTO: Trade Monitoring)
- If something looks odd, Google for official “index contribution” pages or ask on trading forums. Sometimes, what seems like a data glitch is just timezone delay or a rare stock being excluded from the index for the day (happens—see ValuePickr)
Honestly, most of my real surprises have come from expecting app-based “gainer” tables to explain index moves—when only digging into the official “contributor” column showed the full picture.
Next time: Track a single heavyweight on both local and ADR/global exchanges; try reconciling day’s change with the best-fit index contributor tables. See if the numbers line up!
Was this helpful, or did you spot your own mistakes along the way? Share your breakdowns, especially when indices jump and the news just says “Banking stocks led the rally”—let’s actually check if that was true!

Summary: How to Quickly Identify Today’s Top Gainers & Losers in the Stock Market Index and What Drives Index Movement
If you’re sitting at your desk, or scrolling through your phone, trying to instantly catch who’s topping the charts and who’s slumping in the markets today—this article is going to help you do exactly that. Not only will you find out the top gainers and losers for a major index (like the S&P 500, NASDAQ, or India's NIFTY 50), but you’ll also understand how to figure out which specific stocks were the biggest drivers behind the index movement, using actual data sources, some screenshots from real platforms, and a bit of light storytelling—including my own trial-and-error moments fetching this info for a client report. Along the way, we’ll pit different “verified trade” standards from the US, EU, and China side by side, just to spice up that global perspective. ---How to Instantly Know Today’s Share Market Index Top Gainers and Losers
Let’s not waste time—finding the top movers is surprisingly simple if you know where (and how) to look. Don’t fall for websites that update late or bury the info under endless popups. Here’s what I do, with practical, personal tidbits:Step 1: Pick the Index—Know Your Context
Whether you’re tracking the S&P 500, NASDAQ, FTSE 100, or NIFTY 50 matters a lot, because “top gainer” and “top loser” is always relative within that index. Let’s say today you want to check the S&P 500. So, open up a tab and go to:- CNBC S&P 500 Index Page
- Or if you’re into Indian markets: NSE India Live Market
- Bloomberg Bloomberg Markets is pretty good for global indices
Step 2: Navigate to “Movers” or “Constituents” Tab—Don’t Get Lost in Widgets
Find the “Movers” or “Constituents” or “Performance” tab on these pages. Sometimes I embarrassingly scroll past it and end up looking at bond yields for five minutes (facepalm). For example, on CNBC:

- Today’s highest % risers/fallers
- Volume (sometimes odd-lot spikes inflate these, be careful!)
- Market Cap for context—small stocks are often more volatile
Common Pitfall: Using Google “Top Gainers” Search Results
I once relayed a “top gainer” from Google’s one-box snippet to a trader friend, only for him to lose money because it was a small-cap stock, not even in the index! Always cross-check with index constituent lists. ---Digging Deeper: Which Stocks Moved the Index Most, and Why?
So, suppose the S&P 500 moved +1.2% today. Why? Did Apple do it, or seven banks, or 15 semi-obscure industrials?Step 1: Understand “Index Weight” and Its Power
Most indices (like S&P 500, NIFTY 50) are cap-weighted. Meaning: the bigger the company, the more sway it has. So, a 5% move in Apple can “move the index” way more than a 10% jump in Etsy. You’ve got to multiply the stock’s daily % change by its weight in the index. For example, S&P 500 weights:- S&P Index Official Weightings
- On NSE, see NIFTY Weightages


Case Study: When Apple Moves the Whole Index
On Dec 13, 2023, S&P 500 rose nearly 2%. Headlines screamed “Mega-cap Tech Surge!” Looking underneath: - Apple (+4.3%) has ~7% S&P weight, contributed about 31 basis points (0.31%) to the S&P’s move alone (source: CNBC). - Conversely, even if another stock, like Delta Airlines, popped +9%, with a tiny index weight, it barely budged the overall index. That’s why just glancing at “top gainer” lists can mislead you if you care about index performance, not just noisy tickers.Industry Expert Insight: “The Index Is the Sum of Its Giants”
Let’s rope in a bit of pro wisdom. James Chen, CMT, author and market analyst, frequently remarks at industry conferences:“In a cap-weighted index, you could have a dozen double-digit gainers and the index barely budges if the top 5 stocks are flat. When you track intraday index volatility, always find out which heavyweight stock pushed the needle—the rest is usually just noise.”You’ll see this same logic in the latest OECD whitepaper on global equity market indices, especially around index methodology innovation (OECD, 2023). ---
“Verified Trade” Standards: Global Differences, Laws, and Who Decides What Counts
Sudden jump—but it matters if you care about how regulatory changes can impact listed stocks globally. Around corporate disclosure and cross-border share listings, “verified trade” standards actually differ, sometimes making cross-jurisdiction index inclusion tricky. Here’s a comparison of how “verified trade” is handled in the US, European Union, and China. This affects whether and how companies can be added or remain in a market index (e.g., S&P 500, MSCI indices).Country/Region | Verified Trade Definition | Legal Basis | Supervising Agency |
---|---|---|---|
USA | Trades executed through recognized exchanges with reporting per SEC regulations | SEC Rule 17a-3, 17a-4 (full text) | U.S. Securities and Exchange Commission (SEC) |
EU | Trades cleared and settled via authorized central counterparties under MiFID II/MiFIR | Directive 2014/65/EU (MiFID II Official Text) | European Securities and Markets Authority (ESMA) |
China | Trades via Shanghai/Shenzhen exchange, real-name registration, T+0 settlement record | CSRC Trading Rules (source) | China Securities Regulatory Commission (CSRC) |
Case Example: A US Tech Firm’s “Verified Trade” Snag in EU Index Inclusion
Let’s say Snap Inc. wanted to be included in a major pan-European index. But its dual-class share structure and US-style trade verification don’t meet all MiFID II’s “transparent, public, and verified trade” criteria. In 2021, an actual standoff occurred when MSCI declined to add several US firms to some EU indices. This created a mini-scandal on trade forums. (Source: MSCI Consultations on EU Benchmarks)Expert Voice: What Happens When Standards Collide?
Industry veteran Arun Ghosh, in a LinkedIn post about cross-border index headaches, sums it perfectly:“I’ve seen clients forced to delist or relist for lack of recognized trade validation in EU or China. The tech exists for instant clearing, but legal frameworks and agency ‘blessing’ matter far more than the speed of any blockchain or digital ledger. Investors learn this the hard way.”His original post (now private) was trending on finance Twitter for a few days around the Archegos implosion. ---