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by nickles 2634 days ago
> Goldman was routinely at the top of the NYSE rankings with regard to programmatic trading volume.

I took 'secret sauce' in GP's comment to mean 'profitable strategies'. Don't confuse volume with profitability. It's conceivable that a BB would deliberately lose money in some activities to have clients give them other, more profitable flow/business.

1 comments

That's true. It's "LeFevre's corollary", if you will :)

N.B, Lapdance not gauranteed