Goldman Sachs is spending $100M to shave milliseconds off stock trades

Re:Goldman Sachs is spending $100M to shave milliseconds off... by trophycase on Friday August 02, 2019 @10:45AM (#20593362)

If you're holding for a pension, wouldn't a wider spread affect you less than any single other market participant? Like a 1 cent different due to spread isn't going to matter in 30 years?

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Re:Goldman Sachs is spending $100M to shave milliseconds off... by growse on Friday August 02, 2019 @11:29AM (#20593752)

If I'm holding a pension, I'm paying in regularly to a fund that's managed over a long period of time. If they manage it actively and trade it a lot over 30 years, 1 cent a time will add up.

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Re:Goldman Sachs is spending $100M to shave milliseconds off... by FabHK on Friday August 02, 2019 @05:55PM (#20596959)

That's not what they're doing, though. The costs will likely be minimal.

Spreads used to be much higher, sure, but that was not because there were no HFT shops around back then.

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