[simias]

I guess the problem is that the arms race needs to reach a bottom at some point. Sure if prices lag around the world by a few hours, then I can see how it's bad. Here we're talking about boring holes through mountains to shave microseconds off.

Then you see articles that these ones that make my blood boil: https://www.bloomberg.com/news/articles/2019-09-12/global-wa...

> Melting Arctic Means New Undersea Cables for High-Speed Traders

Amazing!

I can't shake the feeling that there can't be a simpler and more elegant solution to this problem, such as settling all transactions on some global discrete "tick" on the scale of a second to let the time for all exchanges to settle on a shared view of the market. The problem is that the incentives right now are not to create such a system, but rather to lay wires in the arctic to trade between Tokio and NY few milliseconds faster.

[sippingjippers]

Order-triggered auctions are slowly becoming a thing, but they have limits too. In this scheme, everyone submits an order and e.g. once every 100ms the exchange will cross them. Very little understanding of them, but they look cool