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Re: SteveTS post# 3668

Thursday, 08/27/2009 10:43:14 AM

Thursday, August 27, 2009 10:43:14 AM

Post# of 52591
Another one is high-frequency trading, where different firms (only the top dogs can afford this) pay to put their servers/systems closer to the central NAS or other exchanges' geographical locations, so their hardware/software gets trades and info a few milliseconds before others and carries out executions with a high advantage. There are some good articles on this if you google high freq. trading, reading through it I don't see any way its not illegal to get an edge before any trading actually happens.

Not that anyone had an illusion we were on a level playing field with UBS, Goldman etc )
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