4 ms·
> Just curious, how much difference could this "several milliseconds" have made? Most high-frequency trading systems could actually execute an entire tranche o
by dingaling 13y ago
> Just curious, how much difference could this "several milliseconds" have made?
Most high-frequency trading systems could actually execute an entire tranche of selling in that epoch.
Consider the Hibernian Express fibre-optic link from NY to London, commissioned this year. A quarter of a billion dollars spent to shave 6 milliseconds off the transit time.
- 001sky 13y agoA quarter of a billion dollars spent to shave 6 milliseconds off the transit time. Price of front running.
- ballard 13y agoImagine the pressure to reach a 4-5x IRR on that. It would seem conspicous outlay could be competitive to signal a defensible business model where such outlay doesn't actually return itself but deters competition.