mailing list archives
Re: raging bulls
From: Michael Loftis <mloftis () wgops com>
Date: Wed, 8 Aug 2012 08:56:23 -0600
On Wed, Aug 8, 2012 at 8:08 AM, Brett Frankenberger <rbf+nanog () panix com> wrote:
Even if you execute the trades based on a GPS timestamp (I'm ignoring
all the logistics of preventing cheating here), it doesn't matter,
because the computer that got the information first will make the
trading decision first.
Such a system would be pretty complicated because it would also have
to prevent intentional 'backdating' of trades as well. Then you've
got the market data itself (as just mentioned) -- getting the
information first is a big part of the latency problem for the quants.
"Genius might be described as a supreme capacity for getting its possessors
into trouble of all kinds."
-- Samuel Butler