3 ms·
F1 racing is not a game, it is a major global industry. The top driver makes something like $40 million a year. Many of the advances we see in regular cars are
by dr_doom 14y ago
F1 racing is not a game, it is a major global industry. The top driver makes something like $40 million a year. Many of the advances we see in regular cars are designed and tested in those high performance vehicles.
But more importantly htf funds do not stop anyone from participating in the markets, it just harder and riskier to do so. Accounting firms had massive staffs with hundreds of binders and files for each client. Accounting software eliminated most of that. Were accountants talking about the unfair advantage that Intuit had, and how normal accountants couldn't make a living anymore? Probably. Welcome to the future.
- marshallp 14y agoHFT is not "automation" in the traditional sense. Stock markets exist to raise funding for projects (exits using ipo, new projects in public companies). Those occur on the day+ scale, not milliseconds. There's no point to increasing the speed of it (other than just for the sake of increasing the speed). It's like increasing the speed of the channel switching on your tv - after a certain point it's better to devote engineering resources on other aspects of the tv.
- tptacek 14y agoSo if you owned a portfolio of stock and wanted to sell XYZ, you'd be OK if the market operated at a "day+ scale" and took 24 hours to come up with a bid price, and then if you didn't like that price you'd wait another 24 hours for the next price?