Re: $1.5 billion: The cost of cutting London-Tokyo latency by 60ms

[Robert Bonomi <bonomi () mail r-bonomi com>]

Jeroen van Aart <jeroen () mompl net> wrote:
> Valdis.Kletnieks () vt edu wrote:
> > > The massive drop in latency is expected to supercharge algorithmic stock
> > > market trading, where a difference of a few milliseconds can gain (or lose)
> > > millions of dollars.
> >
> > But it should be illegal to run a stock market that volatile.  This can't end well.
>
> The average consumer gets a 15 minute artificial delay in trading, why 
> not implement for all trades...

Virtually any consumer can get true real-time trading data if they're willing
to pay some relatively modest fees for that access -- Last I knew, the most
expensive 'real-time' fee charged by any exchange was under $200/mo.  For
everything traded on that exchange.  For anybody doing short-term, 'tactical',
trading, that is a "petty cash" expense.

Imposing the 15-minute delay on 'everybody', would simply give the 'floor
traders' the -exclusive' edge on those trading strategies.