Brokers responding to quant traders seeking better execution explicitly modeled the optimal amount to overcharge clients (slippage) while keeping them satisfied enough to maintain the relationship, treating it as a deliberate revenue extraction problem rather than cost reduction.
causalpending
Speaker
Jim O'ShaughnessyEvidence Quote
“How much can we screw them and still keep them happy?”
Created: 8/12/2026, 5:59:18 PM
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