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Structural Edge vs Execution Speed: Why Strategy Outlasts Technology in Modern Markets
Structural Edge vs Execution Speed: Why Strategy Outlasts Technology in Modern Markets Introduction: The Myth of Speed as the Ultimate Advantage Modern electronic markets operate at microsecond and nanosecond time scales. Trading firms invest heavily in co-location, FPGA acceleration, and microwave transmission to reduce latency. However, empirical evidence and institutional experience confirm a deeper truth: […]
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