What if institutional shock doesn't come from macro headlines, but from something far more subtle? A surge of lean teams and algorithmic bots executing microsecond SPX arbitrage, systematically draining liquidity and compressing spreads. Not your traditional hedge funds or banks—just engineers writing code that reacts faster than any human trader ever could. The market wouldn't necessarily break. It would just quietly shift beneath everyone's feet, with 15-minute windows collapsing into unprofitable cracks. Small groups running tight, efficient strategies could reshape how spreads behave across the largest financial instruments.