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Re:Finding Signal in the Noise: Machine Learning and the Mar... by TeaBrain on Sunday March 16, 2025 @12:06AM (#43376876)
>The alternative to highly technical, agile quantitative trading is fat middle men, wide spreads

No, this would be the alternative to securities and derivatives markets being electronic. Proprietary market making firms are mostly competing against each other.

>If it didn’t provide value, nobody would pay for it.

The parent was remarking on the value provided to society, not the value provided to the firms.

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