In this episode, we interview Doug Cifu, the CEO of Virtu Financial, one of the most successful, high-frequency trading (HFT) firms in the world. We dive deep into the world of market making, digital assets, and his outlook on SEC regulations. Doug covers a range of topics, from the insights and challenges of running an HFT firm and the driving forces behind the establishment of Virtu to the impact of AI on market making, and his take on the current SEC regulations and proposals. He also describes his experiences running a sports franchise and how it has shaped his perspective on business and leadership. This episode gives viewers an in-depth understanding of the dynamics of high-frequency trading, the process of price discovery, and the potential future developments in market making.