[ Thanks to Steven J.
Vaughan-Nichols for this link. ]
“This isn’t speed just for the sake of speed. The
Deutsche Borse spokesperson told ne that, “As the financial markets
continue their recovery efforts, the world’s stock exchanges — 161
in all — are in a fierce battle to win and keep clients by
delivering what customers want most: the fastest, most secure and
highest reliability trading possible. This has led to a technology
“arms race” among the exchanges who are using computerized
algorithms to bundle hundreds of thousands of stocks into single,
split-second transactions.”“He continued, “Speed, or ‘low-latency,’ is everything for these
exchanges. A fraction of a second can mean mega gains or losses to
investors.”