Flash Boys in the US Treasury Market

Re:Flash Boys in the US Treasury Market by galen211 on Saturday January 17, 2015 @12:44PM (#8904896)

So bottom line, the people paid millions of dollars per year by banks to understand the market have to ask IT for an explanation of the market? Hmmm...

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Re:Flash Boys in the US Treasury Market by revelation on Saturday January 17, 2015 @01:27PM (#8905055)

I was getting the same impression. Surely these traders couldn't be so dense?

This isn't even necessarily a HFT issue. If I go look at the quote for a stock on Google Finance, the only thing I'm completely sure of is that the value displayed is not in fact the accurate price. It's a reflection of the past.

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Re:Flash Boys in the US Treasury Market by jim_greco on Saturday January 17, 2015 @12:49PM (#8904913)

It's rather comical how few fixed income traders at banks actually understand how the underlying markets work and interact with each other.

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Re:Flash Boys in the US Treasury Market by moomin on Saturday January 17, 2015 @02:52PM (#8905318)

What developers do at banks is underestimated (and under compensated). Deep business knowledge is just the tip of the iceberg.

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