As she had also overseen the sales team, she knew most of the names on the list, especially the high-frequency traders. She knew that every one of them had been intensely suspicious about the relationship between FTX and Alameda Research. “Everyone cared about it,” said Constance. “It was literally the first thing I was asked every day. Is Alameda Research front-running us? Does Alameda Research get to see other people’s trades? Does Alameda get less latency?” In other words: Did Alameda enjoy the same unfair trading edge on FTX that the high-frequency traders enjoyed on Nasdaq and the New
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