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Re: Laser network between NYSE and Nasdaq will allow more HFT profits

From Atom Cogswell <m8r-uu8mmb@mailinator.com>
Newsgroups comp.misc
Subject Re: Laser network between NYSE and Nasdaq will allow more HFT profits
Date 2014-02-15 11:17 -0700
Organization A noiseless patient Spider
Message-ID <ldob1f$vq6$1@dont-email.me> (permalink)
References <ldlqt8$7c7$2@dont-email.me> <ldlr2q$7c7$3@dont-email.me> <cd481c0e-72cd-4a26-a230-4cd184ccf43c@googlegroups.com> <5b1c6369-caa9-4b38-b1bf-6678ac6d4cee@googlegroups.com>

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On 2/14/2014 8:43 PM, deepmagicbeginshere@gmail.com wrote:
> If I were building that, it would be bonded to the existing microwave system, so any interruption would cause it to fail back to the microwave, which is nanoseconds slower.

So... Quadracopters with chaff canisters then?

My point of view: HFT provides liquidity. That's a good thing, since
each buyer must find a seller, and the other way around. The side effect
of liquidity is volatility. That's going to be unavoidable.

The 'service' of providing liquidity is worth something to traders in a
general sense, since trades can be made quickly, but the value
proposition is this: They're basically playing a latency game with fast
networks and finely tuned algorithms, and siphoning heaps of wealth away
in the process, without providing any measure of productivity. I don't
see sustainability in this practice.

Following the low pass filter analogy, what happens when these firms
decide they aren't happy with the profit, and they turn up the knob?

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Thread

Laser network between NYSE and Nasdaq will allow more HFT profits cykros@devio.us - 2014-02-14 19:30 +0000
  Re: Laser network between NYSE and Nasdaq will allow more HFT profits cykros@devio.us - 2014-02-14 19:33 +0000
    Re: Laser network between NYSE and Nasdaq will allow more HFT profits wjwlsn <ibillwilson@gmail.com> - 2014-02-14 14:59 -0800
      Re: Laser network between NYSE and Nasdaq will allow more HFT profits deepmagicbeginshere@gmail.com - 2014-02-14 19:43 -0800
        Re: Laser network between NYSE and Nasdaq will allow more HFT profits Atom Cogswell <m8r-uu8mmb@mailinator.com> - 2014-02-15 11:17 -0700
  Re: Laser network between NYSE and Nasdaq will allow more HFT profits RS Wood <rsw@therandymon.com> - 2014-02-15 20:32 +0000
  It's not like Slashdot here :-( "q.kontinuum" <achsis_of_elvis@yahoo.co.uk> - 2014-02-16 15:26 +0100

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