It's is very hard to see how predicting short term market position unrolling by individual institutions is making a market or sniping inefficiency. That is an a

It's is very hard to see how predicting short term market position unrolling by individual institutions is making a market or sniping inefficiency. That is an arms race that creates a minimum cost to enter to compete. When success at sniping depends upon privileged network access, both human and technical, it's more a matter of profiting on an inefficiency you enforce upon everyone else.