#41
http://au.businessinsider.com/latency-in-trading-2013-6

IT FINALLY COMES OUT: Elite Traders Are Getting Access To Data Before Everyone Else

In the past few days people have finally started paying attention to a funny thing going on in the market.

Time after time ahead of major news, there seems to be someone who knows something before it happens — there seem to be trades that hit too hard and fast before the news is actually made.

This has been going on for a while, and people are finally starting to understand why.

The current target of collective ire is Thomson Reuters. There was some shady trading ahead of the Consumer Confidence number at the end of last month. About a quarter of a second before the number was released, there was an eruption of orders in the SPDR S&P Sector ETF (SPY), the e-Mini (electronically traded futures), and in hundreds of stocks, according to Nanex, a market research firm.

After some digging CNBC’s Eamon Javers reported that the source of the early trading was Thomson Reuters. The company has well known deal with the University of Michigan, the source of the data, that allows Thomson Reuters to release that data 5 minutes before it’s supposed to come out (9:55 am) to clients who pay for that privilege.

But Thomson Reuters also provides a service called “ultra-low latency”, which allows premium customers to get the Institute for Supply Management’s manufacturing index number 2 seconds before it’s released to the general public for $2,000 a month.

Two seconds in high frequency trading time is an eternity.

#42

"I doubt you've got a piece of paper wide enough to write down all the zeros," the insurer said.



wanna bet *whips out scale drawing of Tom, flips to blank side of paper*

#43
impossible, you would break your arms trying to flip a piece of paper that large
#44
[account deactivated]
#45
physicists are still figureing tom out
#46
#47

babyfinland posted:

The camera adds ten tan



how many cameras are on you

#48
goatstein that doesn't work at all
#49
Greece falls from developed nation to developing
#50
I truly do not recall giving you permission to globally reveal any communication between us. congrats on surviving your lobotomy and an even bigger congratz on the recent attempt at porn. your daughter must be so proud. please send my number to middle earth and if allowed, eagerly follow it into said abyss and slam the door behind you. the world will collectively sigh as the pungent memory of you vanishes into the pedestrian troposphere of lame-suck and zero-life.
#51

swirlsofhistory posted:

Greece falls from developed nation to developing



its not the fall that kills ya, its the sudden stop at the end!