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Brett Harrison - FTX US Former President & HFT Veteran Speaks Out

Dwarkesh Podcast

CHAPTER

Passive Investing and Market Dynamics

This chapter explores the implications of passive investing, such as ETFs, on market dynamics and the correlation among stocks. It highlights the complex interplay between trading strategies and technological advancements in high-frequency trading while discussing how these factors can impact price movements independent of fundamental values. The chapter also reflects on the adaptability of HFT firms during the COVID-19 pandemic, emphasizing their resilience and profitability in a changing environment.

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