> It isn't even automated. Yes. No. Maybe. There's a massive push towards exchange trading the more liquid products: traders are expensive, and if you can get

> It isn't even automated. Yes. No. Maybe. There's a massive push towards exchange trading the more liquid products: traders are expensive, and if you can get a robot to do basic inventory management and market making for you (even with a human in the loop), that's savings for a desk manager looking to cut costs in a highly straightened FI environment. The highly distressed and/or exotic stuff that people are talking about in the Big Short are still slung by salespeople, with the connivance/approval of traders.