3 ms·
It's available within microseconds/milliseconds (not including time to travel over the network to wherever you are compared to the exchange's datacentre). It's
by mmaldacker 13y ago
It's available within microseconds/milliseconds (not including time to travel over the network to wherever you are compared to the exchange's datacentre). It's made available to everyone at the same time (again, if you have a shitty connection, you'll get the information later). You use the exact same system whether you're a bank, investor, broker, hedge fund, ... The only difference is how close you are to the datacentre, how good your networking is, how optimized your trading applications are, which protocol you're using, etc.
- jules 13y agoThe fact that technically, the information may be available at exactly the same time to everybody doesn't make it right (and is it really, or does the guy who initiated it get the info just a bit earlier?). What's happening is that you have a whole industry spinning its wheels to be just a little bit ahead of everybody else. This is a zero sum game. Either the other traders have to build the same kind of extremely fast systems which is just money wasting, or the high frequency traders get to skim off their profit. This is of no benefit to anybody except the high frequency traders, hence why this law was invented.