Democratic Senators Charles Schumer and Ted Kaufman urged the commission to halt the practice, arguing frequent traders use technology to profit from access to information not available to retail investors.
Flash traders have direct connections to the NYSE exchange and pay large sums just for bandwidth to make sure the trades are almost real time. Goldman Sachs is a key participator in this.
That said, their trades often have no human interaction and generally are computers following trading algorithms only a block away from the exchange with a direct fiber line to the office. It would be impossible otherwise.
Some traders have been raising a stink over this, but generally the miliseconds do count.
The maximum allowable time for a flash is 500 milliseconds, or half a second, although most of the markets flash routable orders for under 30 milliseconds.
Of course I don't know how the LSE handles flash trading or even wants it but I'm going to assume they need everything to be as real time as possible. You just don't hear the finacial firms complaining about the disparities simply because they have the money to set up the transactions their servers pretty much next to the exchange itself (if not in the same building).
I'm all for ragging on crappy software, business practices, taxation, etc... coming out of Redmond, but honestly, pissing on the.Net framework because someone developed an application that was 2.3 milliseconds faster at a custom task is a bit asinine.
2.3 millisecond gaps are what are causing issues with the current stock exchanges and that the major financial organizations are being investigated for exploiting this:
That I've found with social media sites is that if you invest so much time into inserting your data into their site, you are going to be much less inclined to go to the same thing again and again on other websites.
Ermm.... I disagree. I know plenty of people that have duplicate social media pages that are basically mirrors on Facebook, Livejournal, Myspace, and Twitter.
There are software tools out there that simply update all of them at once, but I'm not sure if that is either here nor there about your argument.
It is just that people do run multiple social networking pages at once simply with the right tools.
Even so... Its not that hard to re-upload your pictures again or retype in your information. Its not like a 500 page novel. People aren't just that interesting.;)
a) Of course, the USSR was a neutral party at the time and the Japanese wanted to use them as a mediator. Of course Stalin had other plans and simply led them on til he declared war on them to take Manchuria. He had no intention of letting them keep their own land. He already had Mao ready to get manchuria and Kim to take over in North Korea. Plans were drawn up to invade Northern Japan which would only require small craft to get to.
b) It didn't require a navy. After the loss of the Yamato and other ships in the suicide runs, Japan had no effective navy to speak of and hardly any fuel left anyways. There was a heated argument over the suicide runs because it effectively left Japan no way to ferry its 2 million troops from Manchuria/Korea back to the main land.
c) As other has said, the million man army stranded in Manchuria was effectively crushed in a miniscule amount of time. It would be as if the entire German army was defeated in a single night.
d) I'm coming from a military history background on this so I can't tell you what the Emperor actually could have done or wanted to do.
e) Irrelevant. There was a conditional surrender after all. The Japanese got to keep their emperor.
Which has some good quotes from the top US brass who voiced objects to the actually military need to invade Japan. They had no navy. No effective air force and basically could have been starved into submission without an invasion in some views as a different plan than Operation Downfall had stated.
Again... Operation Downfall was only a plan on the table that wouldn't be done until 1946 after a continue bombing campaign.
On the upside, the way it did end was probably better for the Japanese in the regard they did not either have to be occupied by the Soviets, face a further bombing capaign with even more casualties, or pandemic starvation.
It is still argued the Soviet Invasion and the destruction of a 2 million man army was pretty much a nail in the coffin for the Japanese will to fight.
I mean after all... The US could have used nerve gas to even a worse effect but they didn't.
IMO I think Truman didn't understand the technology behind the bomb and simply thought of it as just a larger conventional weapon and only understood the consequences til after it was dropped. Of course he wouldn't' go back on it but at least he didn't use them during the Korean War.
They asked for what they got, and don't forget it.
Did we drop nerve gas on Berlin because "they deserved it"? We could have and in fact Churchill even suggested it at the horror of his generals.
Same difference...
Keep in mind when many of the top brass in the US military found out what we did they objected highly to the matter because it was basically the same thing and was in a very big gray area on what constitutes such a weapon at the time even on military targets.
No one deserves getting nerve gas and radiation dropped on them even if they did it first.
This story is not about "having data to build a nuclear bomb". Any accredited university engineering program has "the data to build a nuclear bomb", but it would be unwieldy to tactically deploy. The minor news is that Iran is close to the capability to produce a atomic bomb which is sufficiently compact to be mountable on a missile with decent range to threaten neighbors.
I dunno. I always thought this paranoia was retarded simply because the concept to build a nuclear bomb is not that difficult as long as you have the processed uranium.
Either shoot a bullet of uranium into a core or use a spherical explosion.... not that hard.
As a player of EVE Online who really likes the game but isn't that interested in the battling aspect, I have high hopes for this interesting concept. Particularly, I hope that the MMOFPS integrates with the existing game world through the market.
Me too. One could imagine a whole secondary market for small arms manufacturing that FPS players could pay ship players ISK they earn from their missions.
So depending on who is selling, it depends on what small arms you can buy for your missions.
Oil is a finite resource, and it's price will rise faster than the growth of the global economy in the coming years. In addition the cost of repairing the damage caused by burning oil must be included in the price.
Although I agree with what you said above this, gasoline can be made from more things than just oil.
Coal, natural gas, and biomass.
And...
The reason why the US Economy depends so greatly on gas is because the entire nation is built around the fact everyone must own a car to be a functional member of society. If you don't own one and don't live in say a major North East city (PA, DC, NY) then you can't possible walk to your job much less a store.
I don't really agree with this and would recommend that we build up as much train systems we possible can in the next 10 years, but people aren't going to give up their cars and would more likely revolt before they would walk anywhere.
Soviet Tanks hauling large mainframes on parade down Red Square Moscow while a loud speaker bellows out "Our glorious IT staff have developed our first portable computers capable of 80 kilo meters per hour! Rivaling enough the mighty American library of congress! The capitalist will tremble at their might! For the glory of the motherland! Those who do not applause will be arrested!" A big "URRAAAAH!" from those watching as a soldier holding a AK-47 glares at them.
"Sometimes, voting is not going to change anything." Whoa there sparky! No offense but this is EXACTLY the sentiment that keeps the corrupt in power. Especially in a country like the United States, the ability of congress, or elected officials in general, to infringe on your rights is proportional to your willingness to accept it.
The problem is not really the lack of voting but how its done. As the GP mentioned the first past the post system is actually a very bad way to handle voting since it only gives you two options and that is only one more than the Soviets got to vote for.
There are plenty of alternative systems out there they help get rid of corrupt old guards and bring in fresh third parties which can get get majorities.
States like Israel, Ireland, and Germany run with something called Proportional Representation and they have some big change overs in party politics all the time.
Heck... Germany has a very big Green party movement and the only way they were able to get into power was because of the current system.
So in order to fix the UK and the US system we need a constitutional convention and re-haul the entire system.
Now how likely is that going to happen when no one in power admits that the system is broke?
It's the same thing with movies and music. There's a certain "standard" price everyone goes with, because if they didn't, it'll affect their sales. Going a bit over the standard decreases sales, going a bit less than the standard can increase them. You have to find the fine line.
If you a monopoly or a cartel, you can set the price to whatever you'd like and people will still buy it because either they do with it or do without.
I have a bundle of at least 16 100Gb/s cables that run over 2Km. the only thing not letting my fiber optic cable run 160Gb/sec is the transceivers at each end are too low of quality to do so. so we live with 2 paltry 100Bt fibers a couple are used for video, and the rest are dark for future use.
The real problem is speed, or rather the lack thereof. Air travel became as popular as it is because it's so much *faster*. People might book an airship flight once a decade for the novelty, kind of like a cruise ship trip, but they're not going to hop on the blimp whenever they need to get to the other side of the country.
I think the idea is to have a cheaper alternative than a satellite so this thing won't be moving that much from place to place.
In my opinion this is a really, really dumb move. While its all eye-candy and nice, it brings down the usability a lot
You are aware the usability study done to create the ribbon was basically done to assist people with limited movement in their hands?
And that the ribbon was designed to access menus with as little as mouse movement as possible.
Yes it takes getting used to but its way better than the extremely vague menus that Office 2000 had from the get go in which you had to go half way across the screen to get.
Actually, I worked with a company doing training with Office 2007 for their employees.
It turns out the people who didn't like it were the ones who were familiar with old system but the people who never used computers in the first place adapted to it faster simply because it designed better.
Re:You just described EVE Online...
on
Elite Turns 25
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· Score: 1
This sort of thing would apply to space combat to an even larger degree. A computer would be handling all the complex aspects of moving the ship and aiming the weapons, a human would only specify targets and destinations and such.
So thanks but no thanks, I'll take highly unrealistic, fun games....except that it is fun, but EVE is about politics more than Newtonian physics simulation.
You as the pilot simply set destination and targets and when to fire, but you'd be amazed at the complexity of the game.
You often find yourself engaging and killing enemies at ranges greater than 50km but there are other techniques to have close range combat, but since you don't directly control the flight of the craft that doesn't matter that much either.
Overall, I have a hunch if we were to have space combat in the future, it would be like EVE in which you engage your opponent at vast distances with smart weaponry.
Slashdot Mirror
SEC Proposes Ban on Allowing Stock Flash Orders (dated September 19th 2009)
Flash traders have direct connections to the NYSE exchange and pay large sums just for bandwidth to make sure the trades are almost real time. Goldman Sachs is a key participator in this.
That said, their trades often have no human interaction and generally are computers following trading algorithms only a block away from the exchange with a direct fiber line to the office. It would be impossible otherwise.
Some traders have been raising a stink over this, but generally the miliseconds do count.
From http://seekingalpha.com/article/150397-flash-trading-goldman-sachs-front-running-everyone-else
Of course I don't know how the LSE handles flash trading or even wants it but I'm going to assume they need everything to be as real time as possible. You just don't hear the finacial firms complaining about the disparities simply because they have the money to set up the transactions their servers pretty much next to the exchange itself (if not in the same building).
I'm all for ragging on crappy software, business practices, taxation, etc... coming out of Redmond, but honestly, pissing on the .Net framework because someone developed an application that was 2.3 milliseconds faster at a custom task is a bit asinine.
Um.... Trading times are very important:
http://www.hplusmagazine.com/articles/ai/singularity-already-happening-goldman-sachs
2.3 millisecond gaps are what are causing issues with the current stock exchanges and that the major financial organizations are being investigated for exploiting this:
There's nothing like keeping your own data on your own system..
What if its not your data or not that important?
That I've found with social media sites is that if you invest so much time into inserting your data into their site, you are going to be much less inclined to go to the same thing again and again on other websites.
Ermm.... I disagree. I know plenty of people that have duplicate social media pages that are basically mirrors on Facebook, Livejournal, Myspace, and Twitter.
There are software tools out there that simply update all of them at once, but I'm not sure if that is either here nor there about your argument.
It is just that people do run multiple social networking pages at once simply with the right tools.
Even so... Its not that hard to re-upload your pictures again or retype in your information. Its not like a 500 page novel. People aren't just that interesting. ;)
It's great news however how are we going to solve the population crisis when the Earth gets too small?
I dunno... Maybe we can actually have a good reason for space colonization.
a) Of course, the USSR was a neutral party at the time and the Japanese wanted to use them as a mediator. Of course Stalin had other plans and simply led them on til he declared war on them to take Manchuria. He had no intention of letting them keep their own land. He already had Mao ready to get manchuria and Kim to take over in North Korea. Plans were drawn up to invade Northern Japan which would only require small craft to get to.
http://en.wikipedia.org/wiki/Soviet_invasion_of_Manchuria_(1945)
b) It didn't require a navy. After the loss of the Yamato and other ships in the suicide runs, Japan had no effective navy to speak of and hardly any fuel left anyways. There was a heated argument over the suicide runs because it effectively left Japan no way to ferry its 2 million troops from Manchuria/Korea back to the main land.
c) As other has said, the million man army stranded in Manchuria was effectively crushed in a miniscule amount of time. It would be as if the entire German army was defeated in a single night.
d) I'm coming from a military history background on this so I can't tell you what the Emperor actually could have done or wanted to do.
e) Irrelevant. There was a conditional surrender after all. The Japanese got to keep their emperor.
I would suggest reading this:
http://en.wikipedia.org/wiki/Debate_over_the_atomic_bombings_of_Hiroshima_and_Nagasaki#Militarily_unnecessary
Which has some good quotes from the top US brass who voiced objects to the actually military need to invade Japan. They had no navy. No effective air force and basically could have been starved into submission without an invasion in some views as a different plan than Operation Downfall had stated.
Again... Operation Downfall was only a plan on the table that wouldn't be done until 1946 after a continue bombing campaign.
On the upside, the way it did end was probably better for the Japanese in the regard they did not either have to be occupied by the Soviets, face a further bombing capaign with even more casualties, or pandemic starvation.
It is still argued the Soviet Invasion and the destruction of a 2 million man army was pretty much a nail in the coffin for the Japanese will to fight.
I mean after all... The US could have used nerve gas to even a worse effect but they didn't.
IMO I think Truman didn't understand the technology behind the bomb and simply thought of it as just a larger conventional weapon and only understood the consequences til after it was dropped. Of course he wouldn't' go back on it but at least he didn't use them during the Korean War.
They asked for what they got, and don't forget it.
Did we drop nerve gas on Berlin because "they deserved it"? We could have and in fact Churchill even suggested it at the horror of his generals.
Same difference...
Keep in mind when many of the top brass in the US military found out what we did they objected highly to the matter because it was basically the same thing and was in a very big gray area on what constitutes such a weapon at the time even on military targets.
No one deserves getting nerve gas and radiation dropped on them even if they did it first.
You don't beat a monster by becoming a monster.
This story is not about "having data to build a nuclear bomb". Any accredited university engineering program has "the data to build a nuclear bomb", but it would be unwieldy to tactically deploy. The minor news is that Iran is close to the capability to produce a atomic bomb which is sufficiently compact to be mountable on a missile with decent range to threaten neighbors.
I dunno. I always thought this paranoia was retarded simply because the concept to build a nuclear bomb is not that difficult as long as you have the processed uranium.
Either shoot a bullet of uranium into a core or use a spherical explosion.... not that hard.
The hard part is making the uranium.
As a player of EVE Online who really likes the game but isn't that interested in the battling aspect, I have high hopes for this interesting concept. Particularly, I hope that the MMOFPS integrates with the existing game world through the market.
Me too. One could imagine a whole secondary market for small arms manufacturing that FPS players could pay ship players ISK they earn from their missions.
So depending on who is selling, it depends on what small arms you can buy for your missions.
Cool, but I really dislike anything that makes tracking people any easier.
I'm sure you'll regret that when they can't lock the transporters on you when you are stranded on the surface of Tackion V.
Oil is a finite resource, and it's price will rise faster than the growth of the global economy in the coming years. In addition the cost of repairing the damage caused by burning oil must be included in the price.
Although I agree with what you said above this, gasoline can be made from more things than just oil.
Coal, natural gas, and biomass.
And...
The reason why the US Economy depends so greatly on gas is because the entire nation is built around the fact everyone must own a car to be a functional member of society. If you don't own one and don't live in say a major North East city (PA, DC, NY) then you can't possible walk to your job much less a store.
I don't really agree with this and would recommend that we build up as much train systems we possible can in the next 10 years, but people aren't going to give up their cars and would more likely revolt before they would walk anywhere.
Seems like a pretty modern example, unless, say, the Romans had GPS.
They did, but the clay tablets kept breaking when the trebuchet launched slaves returned from low earth orbit
Frame by frame image captures into JPEG (or TGA if you aren't hurting for storage) and then save the audio track in raw wav file.
At least I think that will be the most compatible in 100 years.
Sounds like a legitimate front for identity thieves, spammer, or even worse... Marketers.
I suppose its easier to do than running your own bot net.
Hrm....
Don't you mean time dilation?
..the Soviet Union was still with us.
I think I have a mental image:
Soviet Tanks hauling large mainframes on parade down Red Square Moscow while a loud speaker bellows out "Our glorious IT staff have developed our first portable computers capable of 80 kilo meters per hour! Rivaling enough the mighty American library of congress! The capitalist will tremble at their might! For the glory of the motherland! Those who do not applause will be arrested!" A big "URRAAAAH!" from those watching as a soldier holding a AK-47 glares at them.
"Sometimes, voting is not going to change anything." Whoa there sparky! No offense but this is EXACTLY the sentiment that keeps the corrupt in power. Especially in a country like the United States, the ability of congress, or elected officials in general, to infringe on your rights is proportional to your willingness to accept it.
The problem is not really the lack of voting but how its done. As the GP mentioned the first past the post system is actually a very bad way to handle voting since it only gives you two options and that is only one more than the Soviets got to vote for.
There are plenty of alternative systems out there they help get rid of corrupt old guards and bring in fresh third parties which can get get majorities.
States like Israel, Ireland, and Germany run with something called Proportional Representation and they have some big change overs in party politics all the time.
Heck... Germany has a very big Green party movement and the only way they were able to get into power was because of the current system.
So in order to fix the UK and the US system we need a constitutional convention and re-haul the entire system.
Now how likely is that going to happen when no one in power admits that the system is broke?
It's the same thing with movies and music. There's a certain "standard" price everyone goes with, because if they didn't, it'll affect their sales. Going a bit over the standard decreases sales, going a bit less than the standard can increase them. You have to find the fine line.
If you a monopoly or a cartel, you can set the price to whatever you'd like and people will still buy it because either they do with it or do without.
Maybe they get lonely out there and spam almost seems like someone cares to send them a message.
It's just a comment system, with no way to amplify the signal vs the noise.
If it is anything like Google Groups... It will be nothing but spam.
Seriously... I must have reported over 500 spam posts with no response on the finance forums.
I have a bundle of at least 16 100Gb/s cables that run over 2Km. the only thing not letting my fiber optic cable run 160Gb/sec is the transceivers at each end are too low of quality to do so. so we live with 2 paltry 100Bt fibers a couple are used for video, and the rest are dark for future use.
FTFA These are cable inside your computer.
The real problem is speed, or rather the lack thereof. Air travel became as popular as it is because it's so much *faster*. People might book an airship flight once a decade for the novelty, kind of like a cruise ship trip, but they're not going to hop on the blimp whenever they need to get to the other side of the country.
I think the idea is to have a cheaper alternative than a satellite so this thing won't be moving that much from place to place.
So the justification for the ribbon is "Look at how bad we screwed up the menus before the ribbon! What a bunch of morons we were!"
There is a reason why OS X and other Apple products are popular with the masses.
Its because the UI is as it is... And everything is there to see it without context.
Sure you only have one button in most cases but that keeps people from getting confused about their software.
In my opinion this is a really, really dumb move. While its all eye-candy and nice, it brings down the usability a lot
You are aware the usability study done to create the ribbon was basically done to assist people with limited movement in their hands?
And that the ribbon was designed to access menus with as little as mouse movement as possible.
Yes it takes getting used to but its way better than the extremely vague menus that Office 2000 had from the get go in which you had to go half way across the screen to get.
Actually, I worked with a company doing training with Office 2007 for their employees.
It turns out the people who didn't like it were the ones who were familiar with old system but the people who never used computers in the first place adapted to it faster simply because it designed better.
This sort of thing would apply to space combat to an even larger degree. A computer would be handling all the complex aspects of moving the ship and aiming the weapons, a human would only specify targets and destinations and such.
So thanks but no thanks, I'll take highly unrealistic, fun games. ...except that it is fun, but EVE is about politics more than Newtonian physics simulation.
You as the pilot simply set destination and targets and when to fire, but you'd be amazed at the complexity of the game.
You often find yourself engaging and killing enemies at ranges greater than 50km but there are other techniques to have close range combat, but since you don't directly control the flight of the craft that doesn't matter that much either.
Overall, I have a hunch if we were to have space combat in the future, it would be like EVE in which you engage your opponent at vast distances with smart weaponry.
Trust me... Its a blast.