According to Tony Greenberg of RampRate , speed thrills, especially near the speed of light. For Wall Street traders, speed creates new fortunes on the world’s fastest networks, for makers and users both.
But those technologies require lots of money and brainpower, creating questions about unfair advantages for privileged insiders with the fastest networks and best relationships, even as regulators ponder what to do.
Welcome to the future, where winners are determined by who arrives first with the most intelligence. Whether it’s making a killing with a million-dollar trade, snagging choice concert tickets, or sniping an eBay auction, technology’s next big leap is nearly here. Low-latency networks will reshape most industries, even if they never approach the speed of light. …
Read more: http://www.businessinsider.com/60-of-trading-in-the-us-is-now-filtered-through-a-high-frequency-platform-2012-2
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