Contemplating Financial Trading At Picosecond Resolution 448
pbahra writes "One complaint made of the modern stock market is that it is concerned too much on the short term. A second is a long time in cash-equities trading. Four or five years ago, trading firms started to talk of trading speeds in terms of milliseconds. But in recent weeks trading geeks have started to talk about picoseconds, in what is a truly mind-boggling concept: a picosecond is one trillionth of a second. Put another way, a picosecond is to one second what one second is to 31,700 years."
Re:light travels .3mm in a picosecond (Score:4, Funny)
Moore's Law fixed that. Light can now travel 300 m in a picosecond. By the time this product is developed it should be able to travel a few km.
Re:light travels .3mm in a picosecond (Score:5, Funny)
You don't get it. The next step is Market On A Chip technology. The NASDAQ, NYSE, etc. will be condensed onto an integrated circuit in Lloyd Blankfein's office. But don't be concerned, the Market will still be FULLY FAIR AND TRANSPARENT for all...
Re:light travels .3mm in a picosecond (Score:4, Funny)
It just means that the trading companies will be trying to co-locate.. to an adjacent core....
Re:Worthless (Score:3, Funny)
A penny a share tax on any share traded will fix this problem immediately.
It will also dispose of all of the fraudulent "penny stocks" action.
It would also balance the US budget in about 8 hours.
Re:Worthless (Score:4, Funny)