Doug Colkitt - High Frequency Trading, MEV Strategies, and CrocSwap (S6E3)
Flirting with Models
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Making Versus Taking in the Equity Futures Market
When markets get a lot more quiet and particularly when volume goes down relative to how much high frequency activity there is, things flatter in terms of how many different ways can you do the same thing. So one instance of things people think in taking, you don't have to worry about toxicity at all, that's only something that makers have to worry About adverse selection. But even in taking, especially when you're competing for the same events and latency competitive things, there is adverse selection in the fact that if 10 other firms are trying to hit this alpha all at the same time, you're likely to get filled If your model is wrong and you're the only one. Even in taking adverse
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