25 Juli 2009

Stock Traders Find Speed Pays, in Milliseconds

URL: http://www.nytimes.com/2009/07/24/business/24trading.html

Uh Oh:
"Powerful computers, some housed right next to the machines that drive marketplaces like the New York Stock Exchange, enable high-frequency traders to transmit millions of orders at lightning speed and, their detractors contend, reap billions at everyone else’s expense."
"Nearly everyone on Wall Street is wondering how hedge funds and large banks like Goldman Sachs are making so much money so soon after the financial system nearly collapsed. High-frequency trading is one answer."

revisi 10.11.02-02