Financial Community To Float

Wouldn’t it be the answer to our prayers if the entire financial community were dispatched to floating mid-ocean data centres?

In one fell swoosh all the greedy selfish people would be gone – never to irritate us again.

 

Dr Alexander Wissner-Gross of HarvardUniversity has told an American Physical Society meeting that exploiting the latency in optical comms could become a new shot in the locker for financial traders.

 

Because of the fact that prices can differ between geographies, a trader with the shortest physical comms links can take advantage of a pricing anomaly before a trader whose buy/sell signal has to travel further along the optical networks.

 

Therefore the most successful trader should be located at the mid-point between the major markets.

 

“If you’re positioned between two major financial hubs, you may be far out of the way, rather far from population centres, maybe economically poor, but because of your unique position, that could be a natural resource,” says Wissner-Gross.

 

So, c’mon you financial guys – get packing.

 

Then all it needs is one intrepid soul to pull the plug out.


Comments

7 comments

  1. High-speed trading is essentially “front-running” – which is illegal.
    http://en.wikipedia.org/wiki/Front_running
    But we can’t have Law stand in the way of Profit !?
    Maybe it’s only illegal if the “elites” are on the wrong-side of the trade…

  2. Spot on Lefty, they seem to want to force the productive part of the economy into subjection to their control by these financial instruments which are a lien on future earnings. By doing so they threaten decent human values and so diminish us all. Aux armes, citoyens!

  3. Well of course not, Martijn, but you can’t bring the world’s economy to its knees, cause suffering to millions of people, and carry on over-paying yourself as if nothing had happened, without incurring a certain amount of resentment.

  4. the important thing is to put a brake on the financial engineering.
    by creating money and “money products” bankers can access money from the future “ie – money that has not been earned yet from concrete economic activity – goods and services and so on”.
    accessing money from the future and booking fees against these “banking services” is a fraud on a truly historic magnitude.
    and it is people not even born yet who will forever work to “earn” the repayments (interest) on this larceny.
    where can it end? politicians dare not “rock the boat” as their career “post politics” in on boards of financial and banking corporations?
    we are all snookered – a revolution of some sorts it required – the middle east is an indication of what we in the west need also.

  5. With a chainsaw?

  6. yeah because financial people are the only greedy bad people in the world. Get rid of them and all our problems will be solved…..

  7. The point equidistant from New York, London/Frankfurt, and Tokyo/Shanghai has got to be near the North Pole. This prompts the question “How does a polar bear get the wrapper off an investment banker?”

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