111 karma · joined April 2, 2013
https://www.nationalgeographic.com/animals/article/150518-sp...
Deal?
"concealed", in this context, just means "too lazy to carefully read the documentation".
See the new version of the posts. Hopefully it's a bit more coherent now.
Also, I will reiterate: HFTs NEVER get fills on quotes that are worse than any other participant on the same exchange. That violates RegNMS, and is straight up illegal.
The "public price that everyone else sees" is the same price as the HFTs see. These are available on the direct feeds from the various exchanges, and there's no discrimination against non-HFTs. Anyone who pays for it can get it. It's an equivalent advantage to having a Bloomberg - more data, faster.
EDIT: Law of large numbers. Not central limit theorem. I blame alcohol.
Anyhow, clock rate in this case is irrelevant. Look at the instruction latencies. I don't have these handy, but I'd bet $50 at at the chance of winning $10 that decimal floating point instructions (at least the divide) are slower than the IEEE754 ones.
These chips are also ridiculously expensive, so probably not the best benchmark.
It would be extremely unintuitive if math could be done faster in any base except for 2 (or a power thereof) when running on a modern CPU.