088: Dave Lauer – A Former-High Frequency Trader Talks Speed, Market Structure and Dark Pools
Chat With Traders
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There's No Cause and Effect in Complex Systems
In complex systems, you have emergent phenomena. You have things that just self-organize or just come out of chaos as a term for it. It doesn't mean chaos as we think of it, it's a mathematical term. When a system transitions into turbulence, it doesn't do so because something happened in particular.
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