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Nice intro, though I think you can take it further. One addition I'd be interested to see is how do modern markets with HFT compare to markets 20 years ago, or
by SkyMarshal 15y ago
Nice intro, though I think you can take it further.
One addition I'd be interested to see is how do modern markets with HFT compare to markets 20 years ago, or whenever the pre-HFT era was.
How does the liquidity of each, and more importantly the cost of liquidity of each, compare? Was lack of liquidity really a problem in the pre-HFT era?