[ Date Index ] [ Thread Index ] [ <= Previous by date / thread ] [ Next by date / thread => ]
Came across this "In the high-speed world of automated financial trading, milliseconds matter. So much so, in fact, that a saving of just six milliseconds in transmission time is all that is required to justify the laying of the first transatlantic communications cable for 10 years at a cost of more than $300m." http://www.telegraph.co.uk/technology/news/8753784/The-300m-cable-that-will-save-traders-milliseconds.html I think a more accurate response would be http://www.fool.co.uk/news/investing/2011/09/13/the-200-million-traders-cabl.aspx "It has been claimed that a one millisecond advantage could be worth up to £60 million a year to a large hedge fund or investment bank. Capitalism gone crazy I don't know about you, but to me this looks like capitalism gone crazy. We seem to have reached a point where capitalism has gone from being about the free market and opportunity for all, to a rather absurd electronic game. Many have suggested that HFT increases volatility, for example causing the 'flash crash' of May 2010. They would argue that it pushes at the limits of what is, and is not, acceptable. However, this trading method has been defended by others, who claim that HFT improves liquidity and does not, actually, increase volatility. Who is right? The complexities and opaqueness of HFT make it very difficult to tell." -- Henry Photocopies or faxes of my signature are not binding. This email has been signed with an electronic signature in accordance with subsection 7(3) of the Electronic Communications Act 2000. Digital Key Signature: GPG RSA 0xFB447AA1 or 0x3184D537 Smime Fingerprint 98:24:AE:F7:D1:D6:E5:A0:F0:55:2F:40:42:5F:46:24:F9:52:f4:30 Thu Sep 15 07:34:04 BST 2011
Attachment:
smime.p7s
Description: S/MIME cryptographic signature
-- The Mailing List for the Devon & Cornwall LUG http://mailman.dclug.org.uk/listinfo/list FAQ: http://www.dcglug.org.uk/listfaq