Brett Harrison: belief

Transcript context

…How did these Hft firms react to COVID? What was it like during COVID Because obviously the market moved a lot, but on the inside, was it good, bad? Yeah. All the companies, Citadel securities, but really all of the ones in this sort of this finance year, I think were extremely resilient. I think a lot of them found that their preexisting ideas that in order for the team to succeed, everyone needed to be the exact same place. And it was very important from like an IP perspective to make sure that people weren't taking a lot of this work home with them completely went out the window. And people had to completely adjust to the idea that actual trading teams that are used to be able to have eye contact with each other at all times need to adjust to this pandemic world. And they largely did. I think at least from a profitability perspective. It was some of the best years of Hft firms PnLs in recent history. Matching engines already have to deal with the fact that you can have orders coming from, like, Illinois, you can have orders coming from Japan, and given light speed, they're not going to run at the same time, but you still kind of have to work around that. Is there any hope of a single market and matching engine for once humanity goes interplanetary or interstellar? Could we ever have a market between, like, us and Alpha Centauri or even Austin Mars? Or is the lag too much for that to be possible?…

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