4 ms·
That system exists in the US as well. However, that system exists at a level of abstraction WELL above what the author is describing. In computing terms, you
by addicted 11y ago
That system exists in the US as well.
However, that system exists at a level of abstraction WELL above what the author is describing.
In computing terms, you are talking about the system at the HTTP level of abstraction. The author is talking about the system at the transistor level of abstraction.
- cesarb 11y agoFrom what I understood, it's not a matter of levels of abstraction: the system here really is simpler. According to BM&FBOVESPA's own website (http://www.bmfbovespa.com.br/pt-br/servicos/servicos-de-pos-negociacao/central-depositaria/central-depositaria.aspx?idioma=pt-br http://www.bmfbovespa.com.br/pt-br/servicos/servicos-de-pos-... - unfortunately in Portuguese only), it has fiduciary ownership of the assets, and individual accounts for each end investor. The brokerage doesn't "owns is an entitlement to stock" or similar; there's a single indirection layer. Your brokerage manages that account for you, but the account is in your name, not in the brokerage's name; you can even login directly to the bmfbovespa site (your login is your national tax ID) and monitor it.
- grkvlt 11y agoTransistors is way too abstract. He is talking about something around the HTTP and DNS protocol layers, so getting access to 'http://example.com/' http://example.com/' for instance, wheras the article is dicussing the IP routing and MAC address layers. That is, where the actual packets eventually end up, on which NIC and which server.