You and I know that the system stinks and is corrupt from top to bottom. It is a system of making money from nothing and those who make nothing make the most money, and have most control over our lives. It is a system of parasites feeding of the daily lives of the ordinary people. Capitalism used to be those with money investing it in making things and making more money, but things appeared. Now those with money make money from thin air and get rich faster than ever imagined and at the end of the day they have produced nothing, except more money for their money making smoke and mirrors trick.
It's great system, who'd want to change it!!
This from The Drum:
Trade parasites feeding at the heart of the ASX
In the Australian Securities Exchange's Sydney data room, which is about the size of a big lounge room, there are six "cuckoos". These are the banks of servers installed by high-frequency traders.
They sit against the wall opposite the ASX servers and each is connected directly into the host by a fat fibre optic pipe. Each cable is precisely the same length by agreement with the ASX so that none gets an advantage; if one server is closer to the input, its cable is looped around to lengthen it.
Think about that: one less metre of optic fibre carrying data at 299.8 million metres per second - that is, the speed of light - would give one share trader an unfair advantage over the rest. It suggests that something pretty quick is going on.
The question is whether it's fair to the rest of us; whether those six parasites with their suckers fastened directly into the heart of the ASX should be allowed to get away with it.
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