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Stock Market Manipulation By Millisecond Trading

Posted by kdawson on 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.

3 of 624 comments (clear)

  1. Great future by muyla · · Score: 5, Funny

    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?

  2. I can just see it right now by Anonymous Coward · · Score: 3, Funny

    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!

  3. not first by Permutation+Citizen · · Score: 5, Funny

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