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The point though is that whoever has the most computational power has the most power to exploit arbitrage.
by Rickasaurus 15y ago
The point though is that whoever has the most computational power has the most power to exploit arbitrage.
- peteretep 15y agoThat's /a/ point. Whenever people start harping on about Market Efficiency, you need to find out "why do you care?". The answer to "Are markets efficient? I have this hot stock tip I read on Tech Crunch" then the answer is yes, because other people have more time, money, expertise and - as you point out - computational power - as well things like preferential data access and physical proximity to the exchange.