NYSE head: speed isn't always good

[SupremeSpod]

I dont know much about the ice cream market, and I dont know much about HST, but if people are making money BECAUSE of the speed, then I can see that being a big problem

How so?

The Atlantic Telegraph Cable was used to great effect in trading in the mid to late 19th Century.

[EternalOptimist]

How so?

The Atlantic Telegraph Cable was used to great effect in trading in the mid to late 18th Century.

because then profit becomes a function of technology.


the winner of WOW becomes the one with the fastest connection


the kid best at football is the one wearing the latest man U rooney kit

[SupremeSpod]

because then profit becomes a function of technology.


the winner of WOW becomes the one with the fastest connection


the kid best at football is the one wearing the latest man U rooney kit

If you provide the fastest technology then all will have to buy or be left behind, it's "MAD"

Spod - In "Making Hay while the sun shines" mode!

[MyUserName]

The trading systems I have worked on have all had limits on the transactions (per counter party, per trader, per location etc.).

This type of problem already has a standard solution. Knights Capital were negligent to not have this safeguard in place and paid the price (literally).

Am I missing something?

[eek]

The trading systems I have worked on have all had limits on the transactions (per counter party, per trader, per location etc.).

This type of problem already has a standard solution. Knights Capital were negligent to not have this safeguard in place and paid the price (literally).

Am I missing something?

Yes the fact they missed adding those safeguards to the system as that was extra work.

[Mich the Tester]

Is this chappy trying to say that it's not necessarily a good thing if trades that risk bigger sums of money than some of the parties can survive can be executed before those parties have been able to think about what they're doing?

If so, I'm inclined to agree with him.