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Dear Mister Fantasy and a Conversation with Joe Saluzzi of Themis Trading

RiskReversal Pod

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The Importance of Speed in High Frequency Trading

The advent of a lot of this happened when we went to pennies and went to hundreds of a penny. Bernie Madoff helped start this whole thing, that's a whole other conversation. Even before 2007, they were active. They were using Instantat State of Feed to pick people off. But then it really opened up. And so that's where all the technology means speed should never be a determining factor on investing.

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