Speed Kills

[Becky Lindroos]

From the article:  “The problem is not only, as Michael Lewis argues in Flash Boys, finding a technological fix for markets that are rigged; the problem is that the entire system rests on values that have become distorted: individualism, utility, efficiency, productivity, competition, consumption, and speed. “

And from Flash Boys -(interesting book): 
"The difference between fast data switches and slow ones was measured in microseconds (millionths of a second), but microseconds were now critical. “One guy says to me, ‘It doesn’t matter if I’m one second slower or one microsecond; either way I come in second place .’ ” The switching times fell from 150 microseconds to 1.2 microseconds per trade."

Lewis, Michael (2014-03-31). Flash Boys: A Wall Street Revolt (p. 63). W. W. Norton & Company. Kindle Edition. 

Bekah



On Oct 21, 2014, at 8:54 AM, Ian Livingston <igrlivingston at gmail.com> wrote:

> I like it. His insights make an awful lot of sense. Someone will surely instruct him to stop doing that.
> 
> On Tue, Oct 21, 2014 at 2:23 AM, alice malice <alicewmalice at gmail.com> wrote:
> http://chronicle.com/article/Speed-Kills/149401/
> -
> Pynchon-l / http://www.waste.org/mail/?list=pynchon-l
> 

-
Pynchon-l / http://www.waste.org/mail/?list=pynchon-l