Re:What Business is Wall Street In?
by prodigal_erik on Friday September 21, 2012 @02:07PM
(#4554901)
> someone willing to buy now for $50 beats someone willing to buy a second later for $51
We have misinvested countless millions on a system which produces the wrong answer, optimizing for millisecond latencies which benefit neither companies needing capital not investors providing it.
Re:What Business is Wall Street In?
by lmm on Monday September 24, 2012 @08:24AM
(#4564249)
"We" didn't do anything; exchanges are largely a private free market. If you have a better matching algorithm, you could make an exchange that implements it.
We have misinvested countless millions on a system which produces the wrong answer, optimizing for millisecond latencies which benefit neither companies needing capital not investors providing it.