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There may not be a huge opening pop in Facebook shares, but they are trading fast and furious.
Indeed, with their expertise at trading fast and often, when the conflagration comes, they may prove fleeter of foot than the big, staid institutional investors who have been bad-mouthing them.
In your July 18 front-page article about high-frequency trading, "Fast Traders, in Spotlight, Battle Rules," you write, "The S.E.C. has already put in place new stock circuit breakers to stop another flash crash".
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On many nights, the effort to mix genres yields bracing results: at a concert organized by Orange Mountain Music, Philip Glass's eclectic boutique record label, the guitarist and composer Joel Harrison led an exuberant session of what he called "African-Appalachian jazz," trading fast-fingered patterns with the Gambian kora player Foday Musa Suso and the banjo virtuoso Tony Trischka.
Lewis argues they are used by high frequency traders who try to make profits by trading faster then everyone else.
From the get-go the strategy was to trade fast, furiously and electronically.
An LMI-based design procedure that has been proposed recently to trade fast decay of estimation errors against low noise-sensitivity, can be used at the same time to eliminate the estimation error resulting from an additional integrator loop.
Rosberg headed Hamilton by 0.297sec in practice yesterday morning, then they traded fastest times during qualifying.
"As you trade faster, it is easier to get misled by the noise," says Mr Lueck.
Down in the lobby after a show, gossip and reviews are traded faster than any AP wire.
The industry spent billions on being able to trade faster and make more money, but not nearly enough on creating the necessary transparency.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com