trading

Will hypertrading lead to floating tech cities?

sciencepunk | September 14, 2011

In 2007, the smash-hit game BioShock told the story of Rapture, a city built on the Atlantic seabed dedicated to the pursuit of the free market. Now academic Alexander Wissner-Gross has revealed how the race for light-speed trading could fuel the development of something remarkably similar. High frequency trading (HFT) exploits tiny differences in the price of a commodity across two markets. As these discrepancies can last a fraction of a second, trading is carried out by computers that make thousands of transactions in milli- or even microseconds. At these speeds, the time it takes to…

Advertisment

Donate

ScienceBlogs is where scientists communicate directly with the public. We are part of Science 2.0, a science education nonprofit operating under Section 501(c)(3) of the Internal Revenue Code. Please make a tax-deductible donation if you value independent science communication, collaboration, participation, and open access.

You can also shop using Amazon Smile and though you pay nothing more we get a tiny something.

Science 2.0

Science Codex

Will hypertrading lead to floating tech cities?

A Quick Look Back Home, and Thanks

Extracting Genetic Material

Science on Tap -- in Color