054: Rishi Narang – Components of a Black Box, Humans Versus Computers, and High Frequency Trading
Chat With Traders
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The Decline of Hedge Funds
There's so much more hft going on than there was that the price of liquidity has come down. The flash crash which happened in 2010 uh that was still a less profitable year for hft's then 2009 and no nine was less profitable than oh eight and so on. Get go had to make their financials public when they acquired night group which was another of the biggest market making houses. There was something like a 90% decline in their profitability over the course of a few years right That's that's pretty huge yeah.
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