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Stock Market Manipulation By Millisecond Trading 624

Posted by kdawson on Friday July 24, 2009 @10:41AM from the other-people's-money dept.

cfa22 writes "Nice piece in the NY Times today on ultra-fast trading on the NYSE and other markets. The 'algos' that make autonomous trading decisions have to be fast, but I wonder: Is network speed ever a bottleneck? Can anyone with inside experience with millisecond trading provide some details for the curious among us regarding hardware architectures and networking used for such trading systems?" According to the article, high-frequency traders generated about $21 billion in profits last year.

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Stock Market Manipulation By Millisecond Trading

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This is old news... (Score:2, Funny)

by larwe ( 858929 ) writes: on Friday July 24, 2009 @10:47AM (#28807015)

Latency issues have been an important factor for a long time. Here's an example article about some of the details:

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Great future (Score:5, Funny)

by muyla ( 1429487 ) writes: on Friday July 24, 2009 @10:48AM (#28807027)

In one or two decades we might be able to let all the stock trading to be done by the machines while we focus on doing the non-specialized work ourselfs! Ow wait... wasn't it supposed to go the other way around?

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I can just see it right now (Score:3, Funny)

by Anonymous Coward writes: on Friday July 24, 2009 @10:50AM (#28807061)

Stock Trader Just got a Headshot - $3000
SEC Official: I see you over there...
Stock Trader: I'm not hacking, I'm just lagging!
SEC Official: Turn them off, or I'm banning!

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not first (Score:5, Funny)

by Permutation Citizen ( 1306083 ) * writes: on Friday July 24, 2009 @11:00AM (#28807203)

I suppose that's the same guys that are always getting the "first post" on /.

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Re:Performance is a driving issue (Score:1, Funny)

by Anonymous Coward writes: on Friday July 24, 2009 @11:05AM (#28807289)

Good job working in a car analogy at the end there.

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Re:Performance is a driving issue (Score:3, Funny)

by aclarke ( 307017 ) writes: <spam@@@clarke...ca> on Friday July 24, 2009 @12:35PM (#28808609) Homepage

I would characterize it as the difference between, say, a NASCAR Sprint Cup car and your regular transportation. The former is purpose-built solely for performance while the other has to contend with safety requirements, daily functionality, and a lower common denominator for use.
So what you're saying is that the dark fibre packets could only turn left?

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Re:Human reaction bottleneck (Score:2, Funny)

by Monkeedude1212 ( 1560403 ) writes: on Friday July 24, 2009 @12:55PM (#28808907) Journal

When you program a computer to have a "Gut Instinct" I'll support autonomous functions fully. Until then...
I'm investing in this new company called "Woozywuzzles"

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Re:Profits, but for whom? (Score:3, Funny)

by commodoresloat ( 172735 ) * writes: on Friday July 24, 2009 @02:52PM (#28810557)

If you're smart and your algorithms are rock solid, you can do well (I don't have to work if I don't want to).
Then why do they call you "TooMuchToDo"?

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