Who said I trusted the journalists’ opinion? I’m just not interested in sharing my expertise with you, or anyone else.
Information Technology is my hobby and profession. I’ve designed my own trading strategies, written my own trading applications. Nobody tells me what a 30ms edge against the rest of the world means, expressed in $.
Front running, btw, is illegal. Many brokers have been severely punished for it in the past, in the US. The fact that it is “only” 30ms doesn’t make it right, it makes it a lot more dangerous… Evidently, most people are unable to see why, or how they can be hurt by this. That ‘s ok, you don’t have to be in the know. Doing the right thing here doesn’t require specific or extensive knowledge though.

http://falkenblog.blogspot.com/2009/07/computer-trading-is-good-competition.html

I know it is simple to trust the journalists. But if you ever read something written by journalists about something that you where you have expertise, you will see that error rates are pretty high. Like I said before, its appropriate to get the view of the practitioners–not just the reporters who might tickle your fancy.

“Schumer’s letter — which named Direct Edge, Nasdaq and BATS — said the flashes allow exchange members to use “rapid trading programs to trade ahead of those orders and profit from advanced knowledge of buying and selling activity.”

If not illegal, it’s bordering on illegal activity. Nothing you say, none of your irrelevancies, make it right. It makes you look like a mug.

Since you’re so far ahead, you should be able to beat me to the punch. I don’t think I’ll have anything for at least a week, perhaps more than a month, so that should be plenty of time to demonstrate that you are not as dumb as me.

you don’t seem too bright, but do you have to display it in a public place?

http://news.yahoo.com/s/nm/20090725/pl_nm/us_schumer_flashes

I’m a bit edgy today.