By now you have read all over the internet that the company jumped out there the day the NYSE joined the dark pool action and in the flurry to make more money first and get ahead of the game, look what we got? Debugging is not easy today but the time has to come for sales and marketing to stop pushing the developers to meet deadlines. Put the new algorithms out once they have been debugged, compiled and adequately tested. Any who writes software of any type knows this song. Sure there are delays sometimes whether it’s getting a new operating system out or just perhaps a new software program.
Those with the code rule the world and I have been saying this for at least a couple years and when code goes bad others finally get wind and can see it. In hardware we have things happening that don’t happen in other places like over clocking processors, which of course nulls any warranties on them, but you see things now out there with consultants that will “certify” over clocked processors to run at speeds beyond the manufacturer’s standards. On a small scale I used to do some training for Intel and I can’t tell you how many melted chips I used to hear about or see with kids that over clocked their processors with gaming, so multiply this out over a huge farm of server processors…perhaps not a very good thing indeed as when the melt down occurs, everything stops working.
“That plays out in the very hardware of finance. The data center of NYSE Euronext, the international conglomerate that includes the New York Stock Exchange, is in a building in suburban Mahwah, New Jersey, 27 miles from Wall Street. Besides “matching engine” computers that process trades on the exchange, it also houses high-frequency trading servers, which receive data and spit out orders according to programs—algorithms. Traders pay to put their servers in the same building, and to make things fair, engineers scrupulously add extra lengths of cable to equalize the runs among all the servers. Yes, we are talking about a few feet plus or minus. At nearly the speed of light.”