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Re: [LUG] Trading and IT.

 

On 15/09/11 09:21, Adrian Midgley wrote:
On 15 September 2011 07:37, Henry Bremridge<henry.bremridge@xxxxxxxxx>  wrote:

"In the high-speed world of automated financial trading, milliseconds
matter.
I'm not sure it is a good thing.

I wonder if synchronising it to a clock tick rather than just piling
trades in would be better.

The idea is to get trades in as fast as possible when the price is right - a trade will of course adjust the price so if your late buying the price will have gone up and down when selling. So the faster you can do it the more money you make. Please do not think this has anything to do with wealth creation - like most of the city it is merely moving money around and creaming some off somewhere. The corollary of the above is of course that instability generates more trades and hence a greater cream off and anyone with any understanding of feedback effects will realise that economic stability is a no-no for the city, and the city is big enough to generate the instability that it feeds off.
Tom te tom te tom

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