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I worked in option AMM when the term HFT started getting thrown around in some articles, and was discussed as this uber secret hush hush thing, and I was interested. I was then astonished when I kept reading and found out that it was what I had been doing- it was just another name for market making really...

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Yep. At the end it is market making, in markets where speed is of the essence to be competitive. Funny thing is, now firms in the industry want to be termed as Market Makers rather than HFT since the media has turned HFT into a very negative term.

Back when Flash Boys came out, we all started calling each other Flash Boys. There was then a serious proposal to rename one of the strategies (the hedger, for added irony) Grandma Annihilator 3000.

When the KCG thing came out, one of the new grads was renamed “Power Peg” for a few weeks.

I miss the 2010s. It was a lot more fun when people leaned into stuff instead of being scared all the time.

Hahaha, that is pretty cool. I don't think we'd do something like that, especially the "Power Peg" one, at my firm. Although, it'd be fun.

> I miss the 2010s

Ah, so true. I was in college and grad school during that period, would have been more fun to work in the industry back then.

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