I never understood why more exchanges (including tier1) dont implement the taker speed bump. It seems like you would end up with just much better overall liquidity. This "experiment" is already derisked by HL success, where it clearly works.

Some friends of mine run a top crypto MM responsible for 1% of global volume. They are currently looking to hire an HFT quant/trader based in HK and a Chief Legal Officer. HK Quant/Trader: jobs.ashbyhq.com/wincent/d7c613… CLO: wincent.com/careers?ashby_…

In a crisis there is no time to explain much, you need to act. However during more normal times, when facing difficult decisions i think its actually good to communicate your confidence levels openly. I would personally trust a leader who does this much more than someone who

Takers - always the problem.

I have found IMO/IOI/IPHO to be one of the best possible credentials and relevant for making hiring decisions. Its shows a mix of talent and grit which cannot be faked. Sure, real world quant problems are very different than IMO problems. But problem solving is still an