[151598] in North American Network Operators' Group
Re: $1.5 billion: The cost of cutting London-Tokyo latency by 60ms
daemon@ATHENA.MIT.EDU (Valdis.Kletnieks@vt.edu)
Mon Mar 26 09:34:25 2012
To: Rodrick Brown <rodrick.brown@gmail.com>
In-Reply-To: Your message of "Mon, 26 Mar 2012 08:59:34 -0400."
<FDC912EB-F031-40BD-9EF8-0C40E4C04789@gmail.com>
From: Valdis.Kletnieks@vt.edu
Date: Mon, 26 Mar 2012 09:32:18 -0400
Cc: NANOG list <nanog@nanog.org>
Errors-To: nanog-bounces+nanog.discuss=bloom-picayune.mit.edu@nanog.org
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On Mon, 26 Mar 2012 08:59:34 -0400, Rodrick Brown said:
> HIgh frequency trading does provide a service to the financial markets as a
> whole despite what the media and government politicians will have you think.
OK, I'll bite. What benefit does the market *as a whole* get from the ability
to do trades in 60ms rather than 120ms? (Hint - the fact you can extract
money via more arbitrage transactions per minute is a benefit to the trader,
not the market as a whole - if you extract $100M from the market, it came
from somewhere....)
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