On 03/04/2014 09:52 PM, Joe Landman wrote:
On 03/04/2014 09:04 PM, Prentice Bisbal wrote:
I find this whole thing dubious as well, but there is a LOT of money
being made by high-frequency traders. Enough that a $50 billion
expenditure could probably be made back in a few years. I don't know any
Not quite.
exact numbers that these HFTers are bringing in (many of them are super
secretive), but it's definitely billions in profit per year. As someone
who lives and works in the NYC metro area, I've seen how much money some
of these big investment banks have, and the HFTs are bringing in money
faster than anyone else right now, so $50 billion isn't outside the
realm of possibility. If anyone can do this that's not a government, I
would expect it to be someone in the HFT world.
Actually, those doing HFT are in an arms race working on ever smaller
margins, against competitors with similar hardware, and "similar"
algorithms.
I don't know where the conception that they are rolling in cash came
from, but I could probably guess.
Please guess, I'd like to hear you're opinion, and I'd like to hear why
I'm completely misguided.
I think the real question is would the system be viable in a
commercial sense, or is this another boondoggle?
I'd like to see us get to meaningful and usable exaflop. I am
definitely a speed demon at heart. But I also want to see us get
there in such a way that we can build more than one, and not have it
cost $50B/unit, or $1B/year to operate.
I read the Nicole's article on it, but it was somewhat short on
details. So I'll remain a skeptic for now. Though we'd be happy to
supply them the fastest exabyte of disk they can get on the planet ... :D
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