NEWS OF THE WEIRD

Faster! Faster!

Posted

NOTW has reported on the staggeringly large amounts of money to be made by financial trading firms that execute buys and sells even a split-second before another firm. In January, The Wall Street Journal reported the "race to zero" ("zero" being trades executed at the speed of light) now involves sophisticated lasers beamed between trading hubs (first at East Coast data centers, but eventually linking nearly all U.S. stock exchanges) so that a firm's automatically enacted trades (by self-actuating computer programs) can be further reduced from the current 0.004-second "lag" time.

No comments on this story | Add your comment
Please log in or register to add your comment
 
Download our dojax app
What do you think? Browse
Do you think the pension deal is good for Jacksonville?
Post your review here …