2 ms·
the how is interesting. the why, moreso. "By one estimate, as much as $600 million dollars in assets changed hands in the milliseconds before most other trade
by abbazabba 13y ago
the how is interesting. the why, moreso.
"By one estimate, as much as $600 million dollars in assets changed hands in the milliseconds before most other traders in Chicago could learn of the Fed's September surprise"
whoever leaked it probably had a connection that gave them an incentive greater than their career or any fines the government could impose.
career reputation + fines < %cut of income from arbitrage