Re:D.E. Shaw and how computer geeks and English majors trans...
by ChrisLomont on Saturday July 25, 2020 @10:18PM
(#23953892)
So they’re both zero sum and extracting wealth from others? That’s a neat trick.
The firm under discussion isn’t HFT. But both HFT and the firm under discussion trade with everyone; they’re not in some walled off market. As such they provide liquidity, and participate in the same trades as the entire financial system. It’s hard to claim this is zero sum by any means.
The firm under discussion isn’t HFT. But both HFT and the firm under discussion trade with everyone; they’re not in some walled off market. As such they provide liquidity, and participate in the same trades as the entire financial system. It’s hard to claim this is zero sum by any means.