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Re: raging bulls
From: valdis.kletnieks () vt edu
Date: Wed, 08 Aug 2012 12:53:23 -0400

On Wed, 08 Aug 2012 09:08:27 -0500, Brett Frankenberger said:

What it's about is allowing traders to arbitrage between markets.  When
product A is traded in, say, London, and product B is traded in New
York, and their prices are correlated, you can make money if your
program running in NY can learn the price of product B in London a few
milliseconds before the other guy's program.  And you can make money if
your program running in London can learn the price of product A in NY a
few milliseconds before the other guy's program.

If you can money off those milliseconds, then some government supervision is in
order - that market is too damned volatile.  I see a lot of people proposing
ways to make it work, when what modern civilization needs is some market
controls to make it *NOT* work.  Didn't we learn our lesson the *last* time the
financial system almost collapsed because financial wizards found a new way to
slice and dice stuff?

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