I wonder if long-distance neutrino links might be attractive to the
financial community.  The SNRs are currently way too low, but with
aggressive engineering, a link through the Earth would shave off many,
many milliseconds (even at not greater than the speed of light :-) ).
The cost would be very high though.

Cheers,
Peter

Obviously no one is thinking big enough.
A hyper-super computer on either side of the Atlantic could run a model
of each of the stock markets which could be synchronised by frequent
data transfer.
The learning power of these models would be very great, and they
could deliver a real-time
estimate of the other markets that would be hundreds of milliseconds
better that neutrinos.
The long term veracity of these computers could not be doubted, the
noise in short terms
would be continually reduced.
A system like GPS could be used to synchronise them so they could
give nanosecond response.

Would that not be great for huge spikes!

cheers,
Neville Michie

On 17/02/2012, at 9:07 AM, Peter Monta wrote:

Frankly, I think the rapidity of the financial system is not a good thing.
It encourages the kind of speculation on Wall Street that more properly
belongs in Las Vegas.

It has bred the demands for ever increasing quarter-over-quarter results
that result in cooking of the books and so on that deters long-range
planning and thinkingt.

YMMV,

-John

==============

EndRun set up the system next door to the NYSE used by GS. I think EndRun has a white paper on their site describing the ultimate in insider trading systems. It has been the subject of a number of articles and a whistle blowers case. Some believe it was responsible for a 1000 point "glitch" several years ago.

Thomas Knox

There was a system in NJ with over 3000 ps2s in a supercomputer config.

The financial industry's idea of high cost is a bit different than most.

The price of your real time ticker feed from the exchanges is directly proportional to the associated network latency due to speed of light.

Bob

On Feb 16, 2012, at 18:30, Tom Knox actast@hotmail.com wrote:

El 07/02/2012 0:30, Elio Corbolante wrote:

Id like to help with the disassembly if you can get the binary dump.

Cheers.

--
Mike McCauley                              mikem@open.com.au
Open System Consultants Pty. Ltd
9 Bulbul Place Currumbin Waters QLD 4223 Australia  http://www.open.com.au
Phone +61 7 5598-7474                      Fax  +61 7 5598-7070

Radiator: the most portable, flexible and configurable RADIUS server
anywhere. SQL, proxy, DBM, files, LDAP, NIS+, password, NT, Emerald,
Platypus, Freeside, TACACS+, PAM, external, Active Directory, EAP, TLS,
TTLS, PEAP, TNC, WiMAX, RSA, Vasco, Yubikey, MOTP, HOTP, TOTP,
DIAMETER etc. Full source on Unix, Windows, MacOSX, Solaris, VMS, NetWare etc.

John,

I agree with what you have said about the markets causing bad effects on
society because the focus is all short-term, but you are talking about
effects on the human time scale. HFT is orders of magnitude faster and
more insane.

I saved two links from after the time of the 2010 "flash crash" of the
stock market. In addition to some analysis, they both show amazing
graphics of what the trading algorithms looked like on the actual market
activity.

http://www.nanex.net/20100506/FlashCrashAnalysis_Intro.html

http://www.nanex.net/FlashCrash/CCircleDay.html

On 2/16/2012 2:45 PM, J. Forster wrote:

All a bit off topic but..

Milliseconds are now worth a great deal.

In 2010 one large investment bank valued 1 additional msec of latency
between major financial markets at $120 Million per year.

This is in turn driving a lot of new fibre projects along new, shorter
great circle routes with the side effects of bringing long haul fibre to
new places and driving down prices on established routes.

These days the Telecomms industry trend is to quote RTT latency in msec
to 2 decimal places

Some recent projects of interest in this regard are.

NY-London
(landing in My end of Ireland, due our geographical advantage ;-)
http://emeraldnetworks.com/

http://www.hiberniagfn.com/

Tokyo  London (& NY)
http://www.arcticfibre.com/routing-map.html
Which will better the current best overland route
http://www.bsonetwork.com/en/network/#2

Chicago - NY
http://www.spreadnetworks.com/spread-networks/spread-solutions/dark-fiber-networks/overview
Which in turn may yet be considerably bettered by Wireless Point to
point (at of course much, much lower capacity and greater cost than
Optical Fibre )
http://www.telecomramblings.com/2012/01/wireless-steps-up-to-the-low-latency-plate/

NY - Sao Paolo
http://www.telecomramblings.com/2011/04/globenet-claims-low-latency-crown-between-northsouth-american-markets/

Quite apart from better optimised telecomms routes High frequency
trading applications are moving to FPGA's for faster transaction speeds
http://www.hftreview.com/pg/blog/mike/read/6868/fpga-the-next-wave-of-hft-technology
http://www.highfrequencytraders.com/news-wire/1071/bittware-delivers-stateoftheart-fpga-boards-high-frequency-trading

Like it or not the speed of light is becoming the upper limit
here's a rather interesting paper that analyses the best locations for
trading between markets based on the optimum low latency routes being
built
http://www.cfreer.org/papers/PhysRevE_82-056104.pdf
Many of these routes are in the process of being built.

regards
Brendan

On Fri, 2012-02-17 at 13:14 -0800, Rex wrote:

--
73
Brendan EI6IZ