| ▲ | loeg 4 hours ago | |
> it's certainly zero sum over the millisecond-term. Why do you think market-making is zero sum? Providing liquidity has value and market makers are compensated for that. (Milliseconds of liquidity being appropriately compensated with fractions of pennies.) | ||
| ▲ | Retric 2 hours ago | parent [-] | |
> milliseconds of liquidity Speed of light delays. Due to the underlying physics of the universe there’s physical limitations on how much liquidity can matter on sufficiently small timescale. | ||