11–20 of 45 posts
Confusingly, despite relating to encrypted messages, "DRM" in this context is "digital radio mondiale" which appears to be this: https://www.drm.org/technical-info/ Use of COFDM for digital radio in the current AM bands, part of the final AM phaseout?
Confusingly, despite relating to encrypted messages, "DRM" in this context is "digital radio mondiale" which appears to be this: https://www.drm.org/technical-info/ Use of COFDM for digital radio in the current AM bands, part of the final AM phaseout?
There might be a neat way to work around these laws... Make all the data, including the financial data public. But make sure the people you want to see the data can access it first. Arrange the data in the air so every error recovery block is mixed with financial and non-financial data. Send the non-financial data out of band, and ahead of time, to your paying customers. Now when a data block starts being transmitted…
I am dubtfull this would hold in a court of law.
There might be a neat way to work around these laws... Make all the data, including the financial data public. But make sure the people you want to see the data can access it first. Arrange the data in the air so every error recovery block is mixed with financial and non-financial data. Send the non-financial data out of band, and ahead of time, to your paying customers. Now when a data block starts being transmitted…
This is effectively the same as sending an encryption key first to paying customers, and then broadcasting to non-paying customers later. I am dubtfull this would hold in a court of law.
You could go a step further and publish that scraping+transformation software, too—on Github, even!—but just make it finicky as hell to set up, and with no documentation, either. (I would suggest writing it as a microservice architecture, split up between 1. a network of Ethereum smart-contracts, 2. a BeOS server, 3. a dongle program written for a Java Card smartcard, 4. a LambdaMOO object. Use an exactingly-frail implementation of IBM 5250 for the message bus.)
Such that, in practice, you need installation engineering support from—who else—your company.
This should be understood as high frequency stock traders fighting for turf. One shop tries to access broadcasting bands to enable higher powers, thus, more reliable transmission, by multiplexing the payload with general purpose economic news - allegedly. Another HFT shop is trying to preempt this. The race for speed in financial markets has reached a point where no existing fiber optic or satelite based system can c…
Even if I saw HFT as a valuable thing (I don't), it's unfair to create a new exemption for these people just because they have money. And if you suggest that he government shouldn't be involved, then keep in mind the only practical force stopping someone from jamming these transmissions is the exact same government bandwidth allocation guidelines.
This should not be understood as an infight by HFTs. It should be understood as the radio waves of the world being a public, shared resource and folks asking, "Are we changing these rules now?" If so, it should be done equitably.
Earlier quoted context omitted.
These links are often used for executing strategies or sending information between different exchanges (a classic example being the cross-exchange arbitrage).
To put it more concrete, there are a number of very large companies that have their stock traded in many locations. Japan, London, and New York all have big stock exchanges (that is just what I know of without looking - if you told me those were the only 3 cities with global stock markets I'd call you a lier). If you see a big company in London trading for slightly less than the same company in New York then you shou…
Keep in mind that the majority of back-end clearing and settlement of trades in Europe is done by Euroclear [0], who reported over 27 Trillion Euros of assets under management in 2015. In the US, virtually all back-end clearing and settlement is handled by DTCC [1], who reported handling over 1.7 Quadrillion dollars worth of value in 2011.
That’s the scale of the market you’re playing in when you first pretend to arbitrage.
[0]: https://en.wikipedia.org/wiki/Euroclear [1]: https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_...
Confusingly, despite relating to encrypted messages, "DRM" in this context is "digital radio mondiale" which appears to be this: https://www.drm.org/technical-info/ Use of COFDM for digital radio in the current AM bands, part of the final AM phaseout?
[0]https://en.wikipedia.org/wiki/Droitwich_Transmitting_Station
There might be a neat way to work around these laws... Make all the data, including the financial data public. But make sure the people you want to see the data can access it first. Arrange the data in the air so every error recovery block is mixed with financial and non-financial data. Send the non-financial data out of band, and ahead of time, to your paying customers. Now when a data block starts being transmitted…
Here in the UK we already have data transmission over AM radio[0], nominally for remotely switching electrical equipment on and off but could be used for anything that only needs a low data-rate channel. I would not be surprised if the HFT people are using it.
Sounds like the setup for a B-movie though...
HFT leeches can all DIAF.