5 ms·
It's not a hidden delay. It's known to be 350μs. The idea is to prevent anyone seeing a large order to beat them to another exchange (like NYSE) and doing an ar
by papercrane 10y ago
It's not a hidden delay. It's known to be 350μs. The idea is to prevent anyone seeing a large order to beat them to another exchange (like NYSE) and doing an arbitrage there based on that information.
http://www.nytimes.com/2014/04/06/magazine/flash-boys-michael-lewis.html http://www.nytimes.com/2014/04/06/magazine/flash-boys-michae...