5 ms·
There is also massive expenditure into things that have little value. This is wealth destruction. The real issue is that time in the real world will stay conti
by foobarqux 13y ago
There is also massive expenditure into things that have little value. This is wealth destruction.
The real issue is that time in the real world will stay continuous so high speed traders will still have an advantage across markets and from information updates that occur outside an individual exchange.
- tutufan 13y agoSo?
- foobarqux 13y agoSo the result may not be what you expect. It's very hard to identify all the unintended implications and it doesn't seem like proponents of this scheme (which I like in principle) have thought of any. How do you deal with instruments that trade on both a foreign and local exchange? Or instruments that are highly correlated, one of which trades in a continuous market?