Previous experience of "low latency" systems appears to be a prerequisite for jobs/contracts in the financial market. I'm pretty sure I know what this means but, not having working in a financial environment, I just want to make sure I haven't missed anything. Could those in the "know" please give me their take on this get-the-agent-to-tick-a-box buzzword.
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http://en.wikipedia.org/wiki/Low_lat...tal_markets%29
Basically: the quicker you can act on information, the more money you make.
If you're slower that the next guy, the price has moved & you make $1.99M instead of $2M."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested." -
These days it's gone sub milli second.Originally posted by OrangeHopper View Post
Canny help you on a programming side, but on the infrastructure side there are specialists firm that proviode low latency links from market data/ and into exchanges, and firms that trade purely on strategy on high frequency trading systems.
Actually, that's a good buzz word to check out - high frequency trading sort of sums up what it's all about. Think it's also being investigated by the US gov these days, as some firms seem to have an unfair advantage ...Hang on - there is actually a place called Cheddar?? - cailin maith
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You could say it's a "Goldmine" (Sachs).Originally posted by snaw View Post"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Thanks gents. As I suspected.
Got questions this morning about which Java ArrayList add functions were the fastest! Won't get to the next stage unless you know the answer to these questions. Oh dear!Comment
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