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A comment on 'Flash Boys' IEX stock exchange opens for business. Parent comment

Re:'Flash Boys' IEX stock exchange opens for business by davidgrenier on Saturday August 20, 2016 @09:12AM (#12326428)
My understanding was that they had a software called Thor to generate the artificial delay in sending their trades to the different exchanges.

This new exchange uses the long coil of fiber to enable all traders from around the world to benefit from that protection. I'm wondering if they really had to go to that extent to get the speed bump. But hey since shame has yet to force formally verified software on anyone's radar, the long coil will certainly do.

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Re:'Flash Boys' IEX stock exchange opens for business by clarkmoody on Saturday August 20, 2016 @10:00AM (#12326629)
The long coil is a hardware solution that keeps everyone honest. I have a suspicion that the financial incentives offered to the exchange to bypass a software delay would be too great to turn down -- especially years from now if the original players are gone.

Edit: Oops. Maybe they can bypass the coil for certain orders. Well that doesn't make sense...

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