[155417] in North American Network Operators' Group
Re: raging bulls
daemon@ATHENA.MIT.EDU (Michael Loftis)
Wed Aug 8 11:18:05 2012
In-Reply-To: <20120808140827.GA11596@panix.com>
Date: Wed, 8 Aug 2012 08:56:23 -0600
From: Michael Loftis <mloftis@wgops.com>
To: nanog@nanog.org
Errors-To: nanog-bounces+nanog.discuss=bloom-picayune.mit.edu@nanog.org
On Wed, Aug 8, 2012 at 8:08 AM, Brett Frankenberger <rbf+nanog@panix.com> wrote:
> Even if you execute the trades based on a GPS timestamp (I'm ignoring
> all the logistics of preventing cheating here), it doesn't matter,
> because the computer that got the information first will make the
> trading decision first.
>
> -- Brett
>
Such a system would be pretty complicated because it would also have
to prevent intentional 'backdating' of trades as well. Then you've
got the market data itself (as just mentioned) -- getting the
information first is a big part of the latency problem for the quants.
--
"Genius might be described as a supreme capacity for getting its possessors
into trouble of all kinds."
-- Samuel Butler
