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Read "Flash Boys" for a better insight into how much difference variable latency between exchanges and clients makes to the profitability of fast execution of t

by Donch 11y ago

Read "Flash Boys" for a better insight into how much difference variable latency between exchanges and clients makes to the profitability of fast execution of trades. https://en.wikipedia.org/wiki/Flash_Boys https://en.wikipedia.org/wiki/Flash_Boys

tptacek 11y ago
Flash Boys is a god-awful mess. Two better alternatives: Kovacs' _Flash Boys: Not So Fast_ which in the best possible way reads like a long-form ELI5 Reddit post about modern trading and all the WTFWAT moments in Lewis' book: http://www.amazon.com/Flash-Boys-Insiders-Perspective-High-Frequency-ebook/dp/B00P0QI2M2 http://www.amazon.com/Flash-Boys-Insiders-Perspective-High-F... Patterson's _Dark Pools_ which tells the story of Island and the ECNs and the advent of automated trading. Patterson is more ambivalent about HFT than Kovacs, and does a good job of explaining the Core Wars phenomenon of modern trading from '98 to the mid-'00s.
- Donch 11y ago
  Read all three! Thanks for the reading list extension and gratuitous downvote :-)
  - tptacek 11y ago
    I upvoted you.
  - cpach 11y ago
    As you very well know, HN votes are anonymous. Why make assumptions about who voted? It doesn't contribute to the discussion at all.