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by xxxtentachyon
2159 days ago
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D.E. Shaw is not a high frequency shop. I would be very surprised if their daily transactions was more than 5% or so of their total book. More broadly, quant shops are not out to place bets on what they think will happen in the next few seconds. They're much more like traditional hedge funds than HFT firms in terms of their betting horizons. It's just that the trades they choose to make on those horizons are generated algorithmically. |
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