Amazing story on how much 350μs is worth to a stock exchange:

http://www.nytimes.com/2014/04/06/magazine/flash-boys-michael-lewis.html?emc=edit_th_20140401&nl=todaysheadlines&nlid=33329601&_r=1#story-continues-17

 

Cliff notes: Stock brokers have, for a very long time, using microsecond delays in the network to their advantage, by buying things before their competitors even know the price. A market exchange sought to stop this by coiling fiber optic cables, forcing a degree of fairness.

Good. These people taking advantage of microsecond delays extract money from the market without actually providing any value. They're cheating the system and ultimately everyone else loses.

 

Amazing story on how much 350μs is worth to a stock exchange:

http://www.nytimes.com/2014/04/06/magazine/flash-boys-michael-lewis.html?emc=edit_th_20140401&nl=todaysheadlines&nlid=33329601&_r=1#story-continues-17

Wow! Thanks for sharing it!