Hi speed trading - hi speed monitoring
joelja at bogus.com
Fri Feb 17 14:11:24 CST 2012
On 2/17/12 11:47 , Kiriki Delany wrote:
> Why not just simultaneously settle all trades at the same time? Once every
> minute, or every 5 minutes, or per day?
> There are many solutions to the problem. I'm sure those that can take
> advantage of the latency don't want the solution.
Ask yourself where the incentives are that drive the observed behavior.
> Kiriki Delany
> -----Original Message-----
> From: Leo Bicknell [mailto:bicknell at ufp.org]
> Sent: Friday, February 17, 2012 10:54 AM
> To: NANOG
> Subject: Re: Hi speed trading - hi speed monitoring
> In a message written on Fri, Feb 17, 2012 at 01:36:35PM -0500,
> Valdis.Kletnieks at vt.edu wrote:
>> Am I the only one who thinks that if network jitter can make you fall
>> outside the acceptable price window, maybe, just maybe, the market is
>> just too damned volatile for its own good?
> I've had an interesting discussion with some financial heads about a simple
> What if the exchange, on every inbound trade, inserted a random delay, say
> between 0 and 60 seconds, before processing it?
> Almost all of this computer based, let's be closer to the exchange stuff
> becomes junk, immediately. Anyone "long" (where long is probably more than
> 10 minutes, with a 60 second jitter) in a security wouldn't notice.
> I mean, if the general public has to get 15 minute delayed quotes so they
> don't manipulate the market, shouldn't the big guys? :)
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