My new favorite Euphenism! Latency Arbitrage!

So cool. When a co-located high frequency trading firm sees your order coming, and picks you off, the industry actually has a term for it! Latency Arbitrage!

I am going to go downtown Chatham, find one of our financial-firm unemployment casualties walking to Dunkin Donuts (next door to me) for coffee and wifi, whack him over the head, and take his wallet. It’s all good though. I didn’t mug him. It’s just society evolving, and I am doing my part by practicing latency arbitrage.

Can our industry stoop lower?