3 ms·
I forget if it was on The Daily Show or 60 minutes, but the "solution" the new exchange came up with was to actually slow down his trades by fractions of a seco
by rschmitty 13y ago
I forget if it was on The Daily Show or 60 minutes, but the "solution" the new exchange came up with was to actually slow down his trades by fractions of a second such they all arrived at the same time. Once he did that his order fill rate went up and the HFT got cut out. He did this while a 60km fiber optic spool
So "super slowly" isnt exactly what he was doing
- mhurron 13y agoIt was the Daily Show http://thedailyshow.cc.com/extended-interviews/o7grtj/exclusive-michael-lewis-extended-interview http://thedailyshow.cc.com/extended-interviews/o7grtj/exclus... As I understand it, that link is only good in the US. So for everyone else, that is the extended interview of the April 1 episode. I'm sure it can be found somewhere.
- runeks 13y agoThanks for the link. It works fine from Denmark. I've never had problems watching it from a non-US country. Also, pro tip if you want to avoid ads between segments: right before the video gets to a horizontal line (ad break) on the seek bar, skip to the part right after the horizontal line. You'll skip the ad. Also: if you work as a web developer at Comedy Central, you never saw this comment.