You can replace the word “investment banks” with “the boogeyman” in most lay discourse about the finance industry, including by technical professionals, a fact which is somewhat frustrating to me.
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They're referring to the "Chinese wall" between prop desks & retail brokerage which is a joke concept in the industry.
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I see you have discovered the thread that prompted my request for writing
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It’s turtles all the way down my friend. Inside investment banks... they blame “the traders” On the trading floor... they blame “the High Frequency Traders” aka “the bots” Inside HFT funds... they blame “other HFT funds which are doing something illegal, which we won’t stoop”
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