Please supply values for the following undefined variables:
1. kagillion (shares, %ADV, notional dollars)
2. good old days (single year or a range)
3. too much (in $ or %)
1. kagillion (shares, %ADV, notional dollars)
2. good old days (single year or a range)
3. too much (in $ or %)
2. It's not a binary thing but a gradual transition from mostly human market makers in the 80s to mostly algorithmic market makers today.
3. I'm on shakier ground on this one, but a fraction of a % of their cost.