Scarsdale Vibe Would Approve

[Mark Kohut]

An incredible Maxwell's Demon....

TRP KNEW all of this without knowing its details way back when...

--- On Wed, 7/29/09, rich <richard.romeo at gmail.com> wrote:

> From: rich <richard.romeo at gmail.com>
> Subject: Scarsdale Vibe Would Approve
> To: "“pynchon-l at waste.org“" <pynchon-l at waste.org>
> Date: Wednesday, July 29, 2009, 10:32 AM
>  The idea is straightforward:
> Computers take information — primarily
> “real-time” share prices — and try to predict the
> next twitch in the
> stock market. Using an algorithmic formula, the computers
> can buy and
> sell stocks within fractions of seconds, with the bank or
> fund making
> a tiny profit on the blip of price change of each share.
> 
> There’s nothing new in using all publicly available
> information to
> help you trade; what’s novel is the quantity of data
> available, the
> lightning speed at which it is analyzed and the short time
> that
> positions are held.
> 
> You will hear people talking about “latency,” which
> means the delay
> between a trading signal being given and the trade being
> made. Low
> latency — high speed — is what banks and funds are
> looking for. Yes,
> we really are talking about shaving off the milliseconds
> that it takes
> light to travel along an optical cable.
> 
> http://www.nytimes.com/2009/07/29/opinion/29wilmott.html?ref=opinion
> 
>