Friday, September 17, 2010

Wall Street's Speed War - Forbes.com

Wall Street's Speed War - Forbes.com: "Three milliseconds is three one-thousandths of a second. Does that really matter? 'That's close to an eternity in automated trading,' says Ben Van Vliet, a professor at the Illinois Institute of Technology. 'This is all about picking gold coins up off the floor--only the fastest person is going to get the coins.'"