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[2015-10-13] Benefits of Insider Trading

PostPosted: Wed Oct 14, 2015 2:55 am
by RealGrouchy
http://smbc-comics.com/index.php?id=3890

Panel 3 is from a true story. They* actually did spend ungodly sums of money to build fiber-optic lines between Chicago and New York on improbably straight paths through ridiculous ground conditions, just to get a couple milliseconds' advantage over the competition (*evil people who used this to screw people over for profit), even paying princely sums to have their trading servers located in the rack closest to where the connection comes in the building. The book retraces the steps of the Canuck trader who smelled something amiss and upon much investigation discovered what was happening.

Ther's a book about this called "Flash Boys: A Wall Street Revolt" by Michael Lewis, and despite being about hedge fund financing and IT infrastructure, is actually very well written and quite a page-turner. I highly recommend it.

- RG>

Re: [2015-10-13] Benefits of Insider Trading

PostPosted: Sun Oct 18, 2015 11:16 pm
by Quantumplation
Can we get that last frame as a t-shirt?

Re: [2015-10-13] Benefits of Insider Trading

PostPosted: Tue Oct 20, 2015 10:31 am
by Apocalyptus
Quantumplation wrote:Can we get that last frame as a t-shirt?

No.

Re: [2015-10-13] Benefits of Insider Trading

PostPosted: Tue Oct 20, 2015 11:50 am
by Sahan
I second that no.