Quote:
Originally Posted by JonL
flacaltenn, read this article, or google "latency arbitrage." Then get back to me. |
Let's assume that this is truly happening and we are all getting "ripped off" by this practice to the tune of $3 billion a year. To put this $3 billion in perspective, the NY Stock Exchange trading volume is around $155 billion
per day. And that's not to mention the volume traded on the other stock exchanges world wide.
While the practice of latency arbitrage doesn't leave me feeling all warm and fuzzy, it is in real terms annoyance on par with the drop or two of gas that drips from the nozzle when you're done gassing up your car.