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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (35664)	9/14/2010 3:27:59 PM
From: Frank A. Coluccio	Respond to of 46821

Hi Jim. There's often been a fine line here between what could be regarded as on-topic vs off-topic. There's hardly a subject of any import that one could bring up that doesn't include politics in one way or another. I think that, as long as the cause and effect of the politics discussed are directly related to the technologies we discuss here, they are fair game. I, for one, see the HFT discussion, especially when talk centers on its enabling technologies, equally relevant in the realm of trade and commerce to that of meteorological-like phenomena on the weather and effects of various swarm phenomena affecting Internet health. In fact, I view all three of those realms - trading, networking and meteorology - as closely analogous to one another. Please do continue discussing HFT here, for the same reasons you've cited and beyond. Having said all that, I also remain cognizant of the scope of any particular discussion's pertinence, even in the case of discussing fiber to the home, say, when getting "too" specific and wordy will often cause readers' eyes to glaze over if the point has been made beyond what satisfies the average reader's interest or need to know. FAC ------

To: axial who wrote (35664)	9/14/2010 4:49:16 PM
From: aladin	Read Replies (3) \| Respond to of 46821

Jim, Your constant attacks on High Frequency Trading had me being very defensive of the technologists involved in the underlying algorithmic systems. However, after discussions with a number of insiders I am inclined to be much more supportive. HFT has driven the average hold time for some symbols to less than a minute - one symbol was so highly traded its average hold time was down to 17 seconds. I cannot find any published reports on this, but it is indeed scary. John

To: axial who wrote (35664)	9/14/2010 9:22:16 PM
From: Frank A. Coluccio	Read Replies (2) \| Respond to of 46821

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 -- 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 ------