4 ms·
SEC’s EDGAR database has the filings available to everyone the moment they’re released. It will take you 5-10x longer to press F5 than it takes a bank/hedge fun
by quickthrowman 3y ago
SEC’s EDGAR database has the filings available to everyone the moment they’re released. It will take you 5-10x longer to press F5 than it takes a bank/hedge fund to have a bot ingest the news and trade off of the new information. Even if you could ingest the information instantly, your orders will be slower than the people who are co-located within the same data center as the exchange, or the folks who set up private microwave relay networks between Chicago and NYC.
- anigbrowl 3y agoThe very fact that people go to such lengths to rig trading systems in their favor suggests they're not worth retaining in their current form.
- hef19898 3y agoLike Robinhood and all those other "free" trading plattforms?
- quickthrowman 3y agoYou could make the argument it benefits anyone who sells equities, right now SPY has a penny wide bid/ask spread. One basis point is an extremely tight spread on an instrument that costs $413/unit. Pre-2001 the minimum tick size was $0.0625, and pre-1997 it was $0.125, I’ll take $0.01 spreads any day.