Evolution of Trading Strategies in High Frequency and Algorithmic Trading

The chapter provides insights into the evolution of trading strategies, focusing on high frequency and algorithmic trading, including the concept of algos or black boxes, algorithm objectives, actions, states of the world, and rule updating. It also explores challenges in differentiating between algorithmic and human trading behaviors, potential market collusion, traders signaling identities, and dominance of a few players in providing market liquidity.