[155429] in North American Network Operators' Group
Re: raging bulls
daemon@ATHENA.MIT.EDU (valdis.kletnieks@vt.edu)
Wed Aug 8 12:54:29 2012
To: Brett Frankenberger <rbf+nanog@panix.com>
In-Reply-To: Your message of "Wed, 08 Aug 2012 09:08:27 -0500."
<20120808140827.GA11596@panix.com>
From: valdis.kletnieks@vt.edu
Date: Wed, 08 Aug 2012 12:53:23 -0400
Cc: nanog@nanog.org
Errors-To: nanog-bounces+nanog.discuss=bloom-picayune.mit.edu@nanog.org
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On Wed, 08 Aug 2012 09:08:27 -0500, Brett Frankenberger said:
> What it's about is allowing traders to arbitrage between markets. When
> product A is traded in, say, London, and product B is traded in New
> York, and their prices are correlated, you can make money if your
> program running in NY can learn the price of product B in London a few
> milliseconds before the other guy's program. And you can make money if
> your program running in London can learn the price of product A in NY a
> few milliseconds before the other guy's program.
If you can money off those milliseconds, then some government supervision is in
order - that market is too damned volatile. I see a lot of people proposing
ways to make it work, when what modern civilization needs is some market
controls to make it *NOT* work. Didn't we learn our lesson the *last* time the
financial system almost collapsed because financial wizards found a new way to
slice and dice stuff?
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