On Wed, Aug 8, 2012 at 8:08 AM, Brett Frankenberger <[email protected]> wrote:
> Even if you execute the trades based on a GPS timestamp (I'm ignoring > all the logistics of preventing cheating here), it doesn't matter, > because the computer that got the information first will make the > trading decision first. > > -- Brett > Such a system would be pretty complicated because it would also have to prevent intentional 'backdating' of trades as well. Then you've got the market data itself (as just mentioned) -- getting the information first is a big part of the latency problem for the quants. -- "Genius might be described as a supreme capacity for getting its possessors into trouble of all kinds." -- Samuel Butler
