The *NEW* Frank Coluccio Technology Forum Message Board

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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: Frank A. Coluccio who wrote (34730)	8/1/2010 4:09:02 PM
From: axial	Read Replies (2) of 46821

Fascinating to get down to the nitty-gritty on this subject; thanks to John and you for digging deeper. From the outside it appears the law of diminishing returns will activate as absolute limits are approached. HFT seems to be geographically dispersed. Is that because of specialization? For example, HFT in Chicago: would it be dedicated to commodities? Or is dispersion simply an outcome of optimal network location, in which there might be several choices? Other things being equal one might think a central location would halve latencies to either side of the continent. But it's still a zero-sum game. --- The money being spent on what is essentially front-running the market is fabulous. Everybody wants a piece of the action. H/T to onlygame, a development on the software side: High-Frequency Programmers Revolt Over Pay "Pity the programmers toiling away at Wall Street's secretive high-frequency trading shops--places like Goldman Sachs ( GS - news - people ), Citadel and Getco. They wrote algorithms that take advantage of fleeting trading opportunities and bring in up to $100,000 a day. In return, they received a fraction of the pay doled out to their bosses. Now some programmers feel used and are instigating a revolt. They are doing so by striking out on their own or forming profit-sharing arrangements." forbes.com --- Tsk. No honor among thieves. Jim

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