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It's the difference between an employee of McDonalds embezzling money from the company and an employee of Buger King doing a really good job on a marketing camp
by harryh 13y ago
It's the difference between an employee of McDonalds embezzling money from the company and an employee of Buger King doing a really good job on a marketing campaign that causes McDonalds profits to go down.
Now, if you work for McDonalds you're certainly entitled to not like either one of those people. But the rest of the world should decry the first and cheer on the second.
- crdoconnor 13y agoNo, it's the difference between a CEO insider trading and a guy who looked over the CEO's shoulder at his laptop insider trading based upon what he saw.
- harryh 13y agoNo, it's not looking over his shoulder at his laptop. It's actually seeing his trades on a public exchange at the exact same time that everyone else sees them.
- crdoconnor 13y agoExcept not: >A direct feed from one exchange could be $10,000 to $60,000 a month. If the SIP is no longer real-time, it means that people who want to get real-time data have to pay, well, significantly more. It’s no exaggeration here to say you go from $1 a month to well over $100,000, with your own networking staff and a room full of computers just to get real-time pricing. http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/04/a-veteran-programmer-explains-how-the-stock-market-became-rigged/ http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/04/a...
- harryh 13y agoComputers and data center space cost money. You think the exchanges should just give that sort of thing away for free?