Earlier quoted context omitted.
> Low latency trading is so crucial to the economy that the market mostly shuts down at 4pm every day and takes weekends and holidays, adding 2^47 nanosecond delays every week without much outcry. To this I would say: grocery stores (which serve as a sort of middleman to a whole host of necessary goods and are clearly crucial to the economy) close overnight without much outcry. (To be clear, I think grocery stores ar…
One grocery store doesn't bury another by being humanly imperceptibly faster at returning carts than the other by a microsecond, and if they were forced by the structure of the market to spend tons of money on that before investing in being open 24/7 which real customers care far more about and provides far more value, it would seem really weird and like something was really messed up with market incentives in the gr…
One trading strategy being faster than another does not automatically make it better. This is a common misconception.