3 ms·
The 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 i
by jules 13y ago
The 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.