News for hackers. Stuff that matters.

A comment on Goldman Sachs is spending $100M to shave milliseconds off stock trades. Parent comment

Re:Goldman Sachs is spending $100M to shave milliseconds off... by kortilla on Friday August 02, 2019 @07:22AM (#20592139)
>that aren't available for actual productive work instead of overhead.

That’s a very biased view. Another view would be that improving the efficiency of the largest markets in the world have a much larger positive impact on society than the vast majority of the “productive” work you refer to.

[ Parent | on HN ]
Re:Goldman Sachs is spending $100M to shave milliseconds off... by dalbasal on Friday August 02, 2019 @10:35AM (#20593280)
It's biased to the premise, which is that "day trading's" contribution to price efficiency & liquidity are of diminishing value, and that the marginal value is essentially 0 or negative.
[ Parent | on HN ]