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| Incomplete Theory is Incomplete |
"High frequency trading, by most accounts, is a process than no one understands. That is, we collect empirical data, jigger, collect data, jigger... and at some point we realize that our best Theory of HFT is not falsifiable OR able to make predictions about future states. We have devolved into Conjectures about HFT that cannot be refuted. The beta release of the singularity has some bugs. We will not be invited to the release party for Singularity 1.0."
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