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But barriers to entry make markets smaller.
These features undoubtedly make markets more efficient.
They make markets and they manipulate them.
Companies make markets by pushing the envelope.
But how, exactly, can we make markets moral?
The firms help make markets in bonds and derivatives.
Nasdaq used to require market makers to make markets.
Some of this was needed to make markets work better.
Official theory says the state can make markets work better.
Clamp down on it, hard, to make markets more efficient.
As Kirilenko told me, "Automation should, in principle, make markets cheaper, faster, and more accessible".
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