Interesting that the algorithmic finance firms are still recruiting. Perhaps they still need a pipeline of rigorous thinkers, or are unwilling to cede significant influence over P+L to llms.
My opinion is that they aren't worried about their competitors so much as the govt.'s patching the loopholes that they do because the only way they are a net sum positive game (in my opinion) is that they make money from the losses of the average person and that too in fraudulent manners at time.
Jane Street's $5 Billion Derivatives Scam Rocks SEBI :https://frontline.thehindu.com/columns/jane-street-sebi-scan...
I have never seen a group of people so frantically doing nothing of any value.
55-60 is much more common.