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Baffling that the US financial market is simultaneously run by supercomputers built as close to the physical stock market as possible to reduce latency, and the
by MiddleEndian 5y ago
Baffling that the US financial market is simultaneously run by supercomputers built as close to the physical stock market as possible to reduce latency, and then also manual letters and people personally mailing checks and such.
- xyzelement 5y agoIs it actually baffling? The computers do the very specific narrow set of operations (post order, match, accept fills, cancel) while the much broader range of "what else may come up" is less automated.
- MiddleEndian 5y agoYes. Sell stock, subtract from this account, add to account in another bank is something that should be trivially automated.