What Is The Life Span of An Algo?

We live in an Algo world. Sell sides can only process the sheer volume of orders with algorithms to help them out. Even high-touch dealers are using algorithms to help them get their trades done efficiently. And of course there are the buy-side algo of which the secret recipe is closely guarded and hugely data intensive. There are algos that try to game other algos and anticipate the next trade so that they might get the better price first. Given the extremely competitive and changing trading environment we asked:

What Is The Life Span of An Algo?

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