Hi Jim, All...
Of course, algorithmic transaction processing won't be limited to (nor is it now) HFT only. In the article I cite below a hint of energy rate making through the use of on-the-fly computational processes appears, as seen in the following abstract:
"[T]raditional ratemaking may not be a good fit to the utility of the future. Distributed generation is rapidly ushering in some big challenges. As a result, lengthy rate-case cycles aren’t adequate either for the utility or the consumer. The looming challenge is: How do you fairly provide a reliable, economic, centralized power system, run by a financially healthy utility serving a shrinking kilowatt-hour per customer base? Or, more basic, how can traditional ratemaking peacefully co-exist with customer-owned distributed generation? It probably can’t. Instead we may see milliseconds of digital computation replace months of regulator contemplation."
From: Smart Grid and Ratemaking: Part I - Basics
Paul Mauldin | Intelligent Energy Portal | Sep 13, 2010
intelligentenergyportal.com
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Of course, other areas of commerce and trade are already employing on-the-fly rating, charging, shaping, discounting and accounting systems attuned to conditions of the moment and circumstance, as well -- such as automobile insurance and mobile telephony, to name just two.
FAC
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