How To Profit From Planetary-Scale Computing 178
An anonymous reader writes "MIT physicist Alex Wissner-Gross and mathematician Cameron Freer have devised a technique for exploiting geographic location in high-frequency trading, reports FastCompany. From the article: 'We view this work as one of the first serious, credible justifications for covering the planet's surface with computers. [...] We've perhaps identified a new type of natural resources that sovereignties might take advantage of.' Physicist and hedge-fund manager Jean-Philippe Bouchaud says, 'This shows that the technological arms race to extract every penny from high-frequency mechanical arbitrage will soon reach its ultimate limits.'"
FIRST!!!!! (Score:3, Funny)
Due to geographical locality!!!!!
Wow! (Score:4, Funny)
So, just when you thought HFT couldn't get any worse of a rep, now its going to turn our world into a dystopian matrix/terminator/cleopatra2525 place.
At least there's a chance of hot babes in leather and armored bikinis though! That's gotta count for something.
Accelerando (Score:3, Funny)
This shows that the technological arms race to extract every penny from high-frequency mechanical arbitrage will soon reach its ultimate limits.
Not yet, not until the Vile Offspring [wikipedia.org] are born, and consume their parents...
Re:FIRST!!!!! (Score:3, Funny)