Re:Flash Boys in the US Treasury Market
by tcbawo on Saturday January 17, 2015 @01:53PM
(#8905136)
Why are these large investment banks, with quarterly revenues that dwarf every HFT player in the market, painted as victims? Since when is it unfair to be fast?
The exchanges offer co-location sites with access to GPS clock synchronization. Market players could easily coordinate their moves.
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Re:Flash Boys in the US Treasury Market
by jim_greco on Saturday January 17, 2015 @02:03PM
(#8905176)
I hope I didn't give the impression that banks are the victims here. The situation most fixed income departnents are in is entirely their own fault because they haven't invested in their people or technology. Heck, most don't even talk to their equities departments about how they adapted 15 years ago.
> Heck, most don't even talk to their equities departments about how they adapted 15 years ago.
I'm curious to know who you are referring too here. As far as I'm concerned, FI desks have always been more forward thinking than equities, both asset managers and FI brokerage houses.