Linked by Thom Holwerda on Thu 21st Oct 2010 22:28 UTC, submitted by tux68
"The London Stock Exchange has said its new Linux-based system is delivering world record networking speed, with 126 microsecond trading times. The news comes ahead a major Linux-based switchover in twelve days, during which the open source system will replace Microsoft .Net technology on the group’s main stock exchange. The LSE had long been criticised on speed and reliability, grappling with trading speeds of several hundred microseconds. The record breaking times were measured on the LSE’s Turquoise smaller dark pool trading venue, where trades are conducted anonymously. That network switched over to Linux from Cinnober technology two weeks ago. Speed is crucial as more firms trade automatically at lightning speed, using advanced algorithms."
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RE[2]: Great for Linux, but this indicates financial fraud
by rexstuff on Mon 25th Oct 2010 05:00
in reply to "RE: Great for Linux, but this indicates financial fraud"
Member since:2007-04-06
Sorry, but there just isn't a scam here. The supposed problem, 'front running', requires that an exchange be willing to sell information about pending orders; clearly stated in the Wikipedia article and even admitted on 'Web of Debt', this is a practice that most major exchanges do not allow.
Also, you need to be more skeptical of what you read online, or just find better sources. 'Web of Debt' in particular is lacking credibility. It quotes anonymous sources and people named 'Tyler Durden', uses ad-hominems and describes itself as revealing 'the shocking truth' and that is 'eye-opening'. It's like the National Enquirer of financial news.
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Linked by Thom Holwerda on 06/13/13 14:35 UTC
The third and final WWDC product I want to talk about is - of course - OS X 10.9 Mavericks. While iOS 7 was clearly the focus of this year's WWDC, its venerable desktop counterpart certainly wasn't left behind. Apple announced OS X 10.9 Mavericks, the first OS X release not to carry the name of a big cat.
Linked by Thom Holwerda on 06/11/13 17:07 UTC
We already talked about iOS 7 yesterday (after a night of sleep, it's only looking worse and worse - look at this, for Fiona's sake!), so now it's time to talk about the downright stunning and belly flutters-inducing new Mac Pro. As former owner and huge, huge, huge fan of the PowerMac G4 Cube - I haven't been this excited about an Apple product since, well, I would say the iMac G4. This is the Apple I used to love.
Linked by Thom Holwerda on 06/10/13 23:13 UTC
Apple held its big keynote event thing at WWDC earlier this evening, but since I was away with friends I've had to read up on it later in the evening. The company announced iOS 7, OS X 10.9 Mavericks, and they gave a preview of the new Mac Pro. Especially the Mac Pro impressed me, and while iOS 7's new Holo/Metro-inspired theme looks messy and garish to me, I do commend Apple for finally breaking the mold. This news item will focus on iOS 7 - I'll dive into the Mac Pro and OS X 10.9 tomorrow (it's late here now).
Linked by Thom Holwerda on 06/08/13 14:57 UTC
And yes, the PRISM scandal is far, far from over. More and more information keeps leaking out, and the more gets out, the worse it gets. The companies involved have sent out official statements - often by mouth of their CEOs - and what's interesting is that not only are these official statements eerily similar to each other, using the same terms clearly designed by lawyers, they also directly contradict new reports from The New York Times. So, who is lying?
Linked by Thom Holwerda on 06/07/13 11:40 UTC
This story is getting bigger and bigger. Even though most Americans probably already knew, it is now official: the United States government, through its National Security Agency, is collecting the communications and data of all American citizens, and of non-Americans using American services, through a wide collaboration with the large companies in technology, like Apple, Google, Microsoft, Facebook, and so on. Interestingly enough, the NSA itself, as well as the US government, have repeatedly and firmly denied this massive spying on Americans and non-Americans took place at all.
Linked by Thom Holwerda on 06/04/13 12:45 UTC
Ah, patents - the never-ending scourge of the technology industry. Whether wielded by companies who don't actually make any products, or large corporations who abuse them because they can't compete in the market place or because they're simply jerks, they do the industry a huge disservice and are simply plain dangerous. According to The Wall Street Journal (circumvention link), president Obama is about to take several executive actions to address patent trolls - which may seem like a good idea, but I am very worried that all this will do is strengthen the positions of notorious patent system abusers such as Apple and Microsoft.
Linked by nfeske on 05/31/13 10:12 UTC
With version 13.05, the developers of the Genode OS Framework take measures to ensure that Genode continues to scale well with a growing number of users and the steadily broadening platform coverage. Further highlights are the improved SoC support for Exynos 5, OMAP4, Raspberry Pi, i.MX, and new components for realizing headless systems.
Linked by Thom Holwerda on 05/29/13 16:59 UTC
At the D11 conference, Apple CEO Tim Cook once again took the stage to be interviewed by Walt Mossberg and Kara Swisher. While most of the interview can be replicated by picking and reading 10 random Apple fanblog stories - there were still a number of very interesting things that warrant some closer scrutiny.
Linked by Thom Holwerda on 05/24/13 17:26 UTC
So, the Xbox One disaster continues. Microsoft's policy for dealing with the used games market has reportedly leaked - and it's a clear and direct attack to destroy the used games market. Prices for used games will be set at the retail value of a new game, and retailers have to hook into Microsoft's computer systems and comply with Microsoft's terms and conditions.
Linked by Thom Holwerda on 05/21/13 21:38 UTC
At an event earlier today, Microsoft unveiled the next Xbox - the third model, but confusingly named Xbox One. The big focus was TV, integrated Kinect, and all the other stuff we all expected to be forced down our throats. I think it took them 25 minutes to actually come to what should be the core of the story: gaming. Nothing groundbreaking in the gaming department, except for how Microsoft intends to handle the used games market and borrowing games from friends: pay up, buddy!More Features »
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Member since:
2006-01-07
I see that my post didn't go over well. But I stand behind it. Some of you commenters should have done a little googling before replying. But OK, my mistake for not providing more links (see below).
By the way, if any of you think that I made this comment because I'm "anti-Linux", you've got it totally wrong. I use Linux, and love it. The problem isn't Linux, it's the crooks on Wall Street. The fact that the crooks use Linux (because it's a superior OS) doesn't change the fact that they're crooks.
Yes, HFT does have some positive aspects, as one of the posters above pointed out. But the stock markets (particularly in New York, I don't know about London) are rampant with corruption. Anyone who hasn't heard the term "bankster" by now hasn't been paying attention. These people don't lose any sleep ripping off their own clients.
As above poster also noted, I did propose a solution (putting all trades into a one-minute queue, with whopping big fines for non-compliance). I'm not the first one to think of that, but needless to say, the banksters scoff and say that would be another example of over-regulation. Meanwhile, they've got their second passports and they're filling up their bank accounts in Hong Kong and the Cayman Islands.
So here are a couple more links (along with a few notable quotes):
=====================
COMPUTERIZED FRONT RUNNING:
ANOTHER GOLDMAN-DOMINATED FRAUD
http://www.webofdebt.com/articles/computerized_front_running.php
...called High Frequency Trading (HFT) or “black box trading,” automated program trading uses high-speed computers governed by complex algorithms (instructions to the computer) to analyze data and transact orders in massive quantities at very high speeds. Like the poker player peeking in a mirror to see his opponent’s cards, HFT allows the program trader to peek at major incoming orders and jump in front of them to skim profits off the top. And these large institutional orders are our money -- our pension funds, mutual funds, and 401Ks...
===================================
Goldman Sach’s High Frequency Trading Scam
http://www.investingblog.org/archives/520/goldman-sachs-high-freque...
One of the biggest market newsmakers recently has been Goldman Sach’s high frequency trading program. The automated system is incredibly complex, using data obtained from the NASDAQ and NYSE markets to front run virtually every trade that happens on the exchange...
Edited 2010-10-22 08:58 UTC