News for hackers. Stuff that matters.

A comment on The mystique of Goldman Sachs. Parent comment

Re:The mystique of Goldman Sachs by witty_username on Thursday December 15, 2016 @11:11AM (#13185576)
That would make markets less efficient and thus allocate capital in a worse manner.
[ Parent | on HN ]
Re:The mystique of Goldman Sachs by aleeds on Thursday December 15, 2016 @11:22AM (#13185668)
Less efficient for literally 50 ms. Then it all balances out.
[ Parent | on HN ]
Re:The mystique of Goldman Sachs by zeveb on Thursday December 15, 2016 @11:26AM (#13185721)
The world GDP is about $76 trillion; that means that the global economy produces about $120,000/ in 50 ms. Reducing the time to work on a trade from 100 to 50 ms gives a trading algorithm that much of an edge, which ultimately helps increase the size of that $76 trillion pie.
[ Parent | on HN ]