Re:Timekeeping in Financial Exchanges
by dhskdhkshdsk on Sunday October 11, 2020 @02:45PM
(#24748026)
It's also a sloppy way to put it. $300M is a fixed amount and should really be compared with the rate of profit resulting from this integrated over how long it lasts. It's a question of stocks and flows. An "edge" which is there every day (for a while) results in a rate of profit, not a fixed sum.
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Re:Timekeeping in Financial Exchanges
by lucaspauker on Sunday October 11, 2020 @03:15PM
(#24748254)
The edge is difficult to quantify, so I went with the 300M as a lower bound. IIRC, the company that made this line sold contracts for 300k/month to use it to around 30 companies. Source: Flash Boys book