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249 High-Speed Traders Are Feuding Over a Way To Save 3.2 Billionths of a Second

Slashdot
msmash @ Slashdot · today 11:40 EDT

High-Speed Traders Are Feuding Over a Way To Save 3.2 Billionths of a Second

A millisecond used to be a big deal for the world's quickest traders. A dispute over huge trading profits at one of the world's largest futures exchanges shows they now think a million times faster [non-paywalled source]. From a report: The controversy is about an arcane technical maneuver in which high-speed traders bombard Frankfurt-based Eurex with useless data. The idea is to keep their connections to the exchange warm so they can react fractionally faster to market-moving information. The battle is the

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