The concept of a market maker? Market makers are not an HFT "innovation"; they're kind of central to the whole concept of a trading exchange.
He hasn't yet explained anything more than what a market maker is or where HFTs fit into them. This post is the first in a series. It's background material. It would be a little weird if anything in this particular post got your hackles up.
Mal, Inara, Jayne, Kaylee, River, Simon and Wash are all characters from the television series "FireFly." Jubal Early (Richard Brooks) is the bounty hunter in the last episode who ultimately ends up as an object in space.
Throughout the episode, his hypothetical situations always end with the rhetorical question, "Does that seem right to you?"
My comment was a tip of the hat back to Chris Stucchio. I enjoyed the article and also look forward to more.
