I have a personal/professional desire/need to understand how the former style of trading works, and I have a pretty decent understanding of how the latter works.
Any superficial attempt to look into this gets into “they use quants and data dude”, “they monetize alpha bro”, “they have strategies that scale with capital”, and I simply can’t leverage my existing knowledge to understand what that means.
Please presume that I’m deeply familiar with low-latency trading systems and associated infrastructure, and have also have seen successful machine-learning trading systems based off of well-curated and timestamped market-data.