2 ms·
> someone willing to buy now for $50 beats someone willing to buy a second later for $51 We have misinvested countless millions on a system which produces the
by prodigal_erik 14y ago
> someone willing to buy now for $50 beats someone willing to buy a second later for $51
We have misinvested countless millions on a system which produces the wrong answer, optimizing for millisecond latencies which benefit neither companies needing capital not investors providing it.
- lmm 14y ago"We" didn't do anything; exchanges are largely a private free market. If you have a better matching algorithm, you could make an exchange that implements it.