Re:'Flash Boys' IEX stock exchange opens for business
by 15thandwhatever on Saturday August 20, 2016 @09:41AM
(#12326535)
Some programmers don't understand latency, so there's no hope for anyone who's not familiar with software development to wrap their head around the concept of "yes, things happen in milliseconds".
Which makes it all the more easier to get away with anything that sounds as sensational as this.
Seriously, at one point, Lewis suggests that the trading station of some big trader is hacked. That just by typing numbers without submitting an order, stuff jumps. This should send huge red flags off on anyone that's even remotely familiar with anything similar to a computer. But it's another "see how rigged it all is?" anecdote blended in with his nonsense.