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Joe’s excerpts: “This market is built on lies and rumours…” “This is now “the Jason Bourne market, because when he goes into a room, the first thing he checks for is where the three exits are. How do I get out. That’s what investors are doing.” Full footage is here: Joe Saluzzi on Bloomberg\’s Closing Bell with Carol Massar and Matt Miller
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We have voiced our thoughts on latency arbitrage in our white papers, as well as prior blog posts here. Today we read this in the WSJ: http://online.wsj.com/article/BT-CO-20100310-711575.html Some excerpts: “Wall Street’s fastest traders have their eyes set on the newest speed–the picosecond, or one trillionth of a second. But even as trading reaches its fastest levels yet, companies with the need for speed are running into a pesky problem: the speed of light.” “When you look at what you need to do to get a trade from a firm to the exchange and back, there are other things involved–like physics–that
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