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Where do I sign up?

08 Jun

Where do I go to get the hardware, and the software package, that allows me to compete with people that have this little advantage in the ” Free Market” ?

Radio Shack? …. Best Buy?

I’d like to sign up.

62 milliseconds,………. Is that too much to ask?

From  Jared Bernstein

 

Weird, Unsettling Graph of the Day

Jun 07, 2013 at 12:19 pm

 

CNBC’s intrepid Eamon Javers just tweeted this a few minutes ago.  It shows three quick burst of gold trades, all downward movements, taking place 62 milliseconds before the release of the jobs numbers at 8:30 this morning.

I’m not sure what to make of it, but it looks an awful lot like some gold traders have found a way to get the jobs number at 8:29:59:838.  The better-than-expected payroll number led them to short gold which is down 2.4% so far today.  There could be other explanations, but I can’t think of them.

Can you?

 

golddrop

Source: Eamon Javers, CNBC

Update: Here’s a Javers piece from earlier this week about a similar mishap involving millisecond trading advantages caused by clock synchronization issues…fascinating and problematic stuff at the cutting-edge intersection of information delivery and automated trading.

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Posted by on June 8, 2013 in Economy, Politics

 

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