If you prefer reading about it, you can read about the fun human market makers caused for their counterparties here http://regulation.fidessa.com/wp-content/uploads/2012/05/Christie-Schultz-1994.pdf …
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I have nothing against automated trading. Particular implementation choices...it's kind of my job to have opinions about that.
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"Armchair engineering" ought to be a term though, for cases where opinions about implementation + lack of matching hypotheses.
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we get a lot of engineer customers, gotta stay humble. No degree required, just a mindset for making.
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