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Meanwhile, Over At The "New York" Stock Exchange... Lasers

Tyler Durden's picture




 

The last time we looked at the most important tower in the world, about 4 months ago, it looked as follows:

 

The tower in question is the primary microwave relay into the ill-named "New York" Stock Exchange which actually is located just off MacArthur Boulevard and Route 17 in Mahwah, New Jersey, and in our opinion is the "most important tower" in the world, because without it, the financial industry, which these days means a few hundred thousands HFT algos and their math PhD creators, would grind to a halt as suddenly trading would revert back to the "caveman days" of 2007, when one actually traded not just to frontrun a whale order in some dark pool half way around the world, but actually cared about such things as "fundamentals" and "reality" (oh, and there wasn't some $12 trillion in cental bank created liquidity supporting every asset class).

The reason we bring up said tower, is because over the past several weeks there has been some furious work by engineers hanging off said tower some 100 feet in the air, resolutely adding a particular device to the primary microwave relay tower at the NYSE.

The device in question has been highlighted:

What is said new device? Extremetech explains:

High-frequency trading — the practice of making thousands of algorithmic stock trades per minute — is about to get a big boost in the USA. Anova, a company that specializes in deploying low-latency networks for stock trading, is completing an ultra-high-speed laser network between the New York Stock Exchange (NYSE) and the NASDAQ. The link will be just a few nanoseconds faster than the current microwave and fiber-optic links — but in the world of high-frequency trading (HFT), those nanoseconds could result in millions of dollars in profits for the trading companies. Such is the insanity of the stock markets; such is the unbelievable capacity of HFT to create money out of almost nothing.

 

If you want to get a signal quickly from point A to point B, you basically have three options: fiber-optic cables, a network of microwave dishes, or laser links. Electrical (copper wire) networks are feasible over short runs, but their reduced functionality and bandwidth over longer runs makes them less desirable than fiber. Microwave (and even higher-frequency millimeter wave) networks also aren’t very high-bandwidth, but because they’re purpose-built, they can take a very direct route, significantly undercutting the latency of an oft-congested and round-about fiber network. Laser networks have all the advantages of microwave/millimeter wave networks, but they have higher bandwidth, and some very clever adaptive optics means they’re not impacted by bad weather. (Microwaves really hate inclement weather.)

 

 

Last year, Anova completed a laser network link between the London and Frankfurt stock exchanges, and now, it seems the company is nearing completion on a similar laser network between the NYSE and NASDAQ data centers in Mahwah and Carteret, New Jersey. In the case of both networks, Anova is using equipment provided by AOptix, an American company that is contracted by the US military to produce similar laser-based systems for ground-to-aircraft communications. Each AOptix base station is capable of “carrier-grade” availability (five nines, 99.999%) over a distance of 10 kilometers (6.2 miles). The route, which is about 35 miles as the crow flies and skirts the center of Newark, will probably feature around six or seven base stations, each of which will have a direct line of sight with its two nearest neighbors. The link speed, according to the AOptix tech specs, will be around 2Gbps — not exactly massive by fiber-optic standards, but more than enough for a few thousand trades per second.

 

The cost of building the network won’t have been cheap — probably a few million dollars — but that’s absolutely pennies for stock traders. (The new fiber link between London and Tokyo, which is also primarily for stock traders, will cost $1.5 billion.)

 

The exact latency improvement of the NYSE-NASDAQ laser network isn’t yet known, but over a distance of just 35 miles we’re probably talking about nanoseconds. A microwave system currently in place between Chicago and NYC — a straight-line distance of around 800 miles — has a latency of 4.13 milliseconds. Scaling that down to 35 miles (dividing it by 23), you get a latency of 0.18 milliseconds between the NYSE and NASDAQ. I don’t know how fast the existing fiber/microwave links are, but even a difference of a few nanoseconds would be enough to beat out other high-frequency trading companies that are using older, slower networks. Anova, unsurprisingly, says it has dozens of trading firms who want to use the new laser network, all of which could stand to boost their profits. Though, as with all HFT technology, once everyone is using it (or something comparable) profit levels will revert.

 

And thus the craziness that is high-speed trading continues unabated, faster and more profitable than ever before

And some more from the WSJ:

In 2011, Mr. Persico read an article in a trade journal describing how a Silicon Valley company called AOptix Technologies Inc. had designed military technology using lasers to communicate in battlefield conditions. His first thought: "I wonder if they can put those on a tower?" The technology traced back to the 1990s, when two scientists designed a method to gather images from outer space that corrected for atmospheric distortions. They developed technology for telescopes with flexible mirrors that could adjust thousands of times a second.

 

Soon, they realized the technology could also be used to transmit data using lasers. They formed AOptix and contracted with the U.S. government to provide communication devices for military aircraft.

 

Mr. Persico asked AOptix whether its laser system could be used to send stock-market data. The company was confident it could, because stock data would only have to move from one fixed spot to another.

 

"Finding a tower isn't hard for us, because we can find airplanes" with the lasers, said the CEO of AOptix, Dean Senner.

 

Mr. Persico wasn't the only one who thought of adapting the lasers for stock orders. Several Wall Street firms also reached out to AOptix. After weighing offers, AOptix signed a deal with Anova in December 2012, partly, it says, because Anova had backing from a large Wall Street bank. The bank's identity couldn't be learned.

 

* * *

 

Some question whether Anova's lasers will provide a meaningful speed improvement over networks that are already in place, since microwave and millimeter-wave order transmissions also travel at near light speed. "The difference between networks is getting very small in the metro areas," said Stephane Tyc, co-founder of McKay Brothers LLC, an Oakland, Calif., company that provides fast trading networks. Still, firms such as Anova continue pushing to boost traders' speeds by increasingly tiny slivers of a second.

 

High-speed, computerized firms today trade everything from stocks to oil futures to government bonds, including securities whose prices move instantly when the government releases economic data such as jobs reports. To pare precious fractions of a second off the time it takes to transmit such data, Anova and other communications companies place networking equipment at a data center on 1275 K Street in Washington, physically close to government agencies.

 

In the latest tactic, some high-speed traders obtain news releases directly from distributors, avoiding the tiny time lag involved in going through the financial news media.

 

 

"We must think about why this technological arms race is happening and whether it poses any threats to our markets," said Kara Stein, a commissioner of the Securities and Exchange Commission, in a speech in November. "And we should candidly assess the costs and benefits to both investors and businesses."

 

The Treasury Department's Office of Financial Research in December labeled high-speed trading a "key source of operational risk across all markets."

* * *

"Speed makes markets way more efficient," said Peter Nabicht, a former high-speed trader who is now a senior adviser to Modern Markets Initiative, a trade group.

* * *

 

Mr. Persico set about securing rooftops and other spots to place his lasers between the New Jersey communities housing the NYSE and Nasdaq data centers. Anova said it has dozens of trading firms waiting to try the lasers when they go live. One firm that plans to use the system is XR Trading LLC of Chicago. It is a "very compelling technology," said XR's president, Matthew Haraburda. He said if it behaves as intended, it could be "a huge development" in trading technology.

In other words, everyone who splurged on the "brand-new" as recently as 2013 microwave technologies to give their HFT system a leg up... is now obsolete.

Welcome to lasers: where you are either part of the very expensive club, or are being frontrun. Which also means that if Michael Lewis is indeed writing a sequel to Flash Boys focusing on microwave signals and towers as the "next big thing", he may just want to burn the manuscript. As for what comes next:

Some dream of a replacement for the fiber-optic cables across the Atlantic and Pacific. The idea: Turbocharge intercontinental trading by floating balloons carrying microwave dishes over the ocean.

And that, ladies and gentlemen, is what "trading" has become.

 

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Sun, 03/01/2015 - 21:49 | 5844301 TheAnswerIs42
TheAnswerIs42's picture

On a clear day, just wait for an eclipse and you will rule the planet...

 

Sun, 03/01/2015 - 21:50 | 5844303 Moccasin
Moccasin's picture

actually, they do work in the fog and rain with only slight degradation.

Sun, 03/01/2015 - 22:12 | 5844359 cheech_wizard
cheech_wizard's picture

Wait, engineer-speak time...

Leverage the power of Adaptive Optics to improve traditional Free Space Optics through the creation of Real-Time Atmospheric Correction (RTAC) technology. Create a tightly-steered version of traditional Millimeter Wave through the precise application of Active Beam Steering (ABS) technology. Combine the two resulting wireless data transmission signals at the byte level using Advanced Wavelength Diversity (AWD) technology to generate an error-free wireless signal that can withstand fog, rain, high winds, snow, and other extreme weather.

It all sounds so wonderful, like a unicorn fart.

Sun, 03/01/2015 - 22:38 | 5844418 logicalman
logicalman's picture

Are you trying to say you don't believe unicorns fart?

Sun, 03/01/2015 - 23:19 | 5844516 ILLILLILLI
ILLILLILLI's picture

Performance is markedly enhanced when the Turbo Encabulator option is installed...

Mon, 03/02/2015 - 00:17 | 5844643 ersatz007
ersatz007's picture

not to mention the micro contatenator

Mon, 03/02/2015 - 00:43 | 5844701 Rusty Shorts
Rusty Shorts's picture

Nothing that an Unlicensed Nuclear Accelerator cant handle.


Sun, 03/01/2015 - 21:41 | 5844278 Everybodys All ...
Everybodys All American's picture

Wonder why Obama doesn't care about hft neutrality? I think we all know.

Sun, 03/01/2015 - 21:49 | 5844282 Moccasin
Moccasin's picture

The specific laser wave length used is not in the visible spectrum. It is easy to spot the other point for its communication is line of site.

Sun, 03/01/2015 - 21:46 | 5844293 BGO
BGO's picture

What if someone floated a simple mylar balloon in front of that laser hft system?

Can laser beams travel through foil?

Sun, 03/01/2015 - 21:58 | 5844312 Moccasin
Moccasin's picture

get any solid object infront of it and it fails. The installers also wear eye protection during installation even though the wave length is not visible. It is difficult to physically line up the lasers and this is done by hand, (some d00d on the tower), they measure the throughput to meet a specification and then bolt it tight. They lasers have to be fairly accurate, some play is allowed, the longer the back haul connection the more accurate the aim has to be.

Sun, 03/01/2015 - 23:23 | 5844500 tired1
tired1's picture

IIRC, Canobeam and others put out systems that self thracked the allignment. They were first used on navy subs to make secure comm links as the boats approached the shore.

Sun, 03/01/2015 - 21:48 | 5844299 spinone
spinone's picture

There are lasers connecting the major exchanges in the US.  There have been for several years.

Sun, 03/01/2015 - 21:53 | 5844309 andrewp111
andrewp111's picture

Light travels about 1 foot in a nanosecond.

Sun, 03/01/2015 - 23:25 | 5844527 Proofreder
Proofreder's picture

How far is that

in furlongs per fortnight ?

Inquiring minds want to know ...

Mon, 03/02/2015 - 00:06 | 5844615 CunnyFunt
Mon, 03/02/2015 - 07:59 | 5845043 Tall Tom
Tall Tom's picture

You actually gonkulated that???

 

I was tempted...

Mon, 03/02/2015 - 08:18 | 5845067 CunnyFunt
CunnyFunt's picture

I just recalculated using a more accurate figure for the speed of light (299,792,458.12 m/s) and discovered that I was WAAAAY off. Now I get 1,802,617,500,506.8 furlongs. Of course, that's in a vacuum, not a media.

Sun, 03/01/2015 - 21:54 | 5844311 Yes_Questions
Yes_Questions's picture

Freak'n Lasers

Sun, 03/01/2015 - 23:32 | 5844536 IridiumRebel
IridiumRebel's picture

Attached to frickin sharks!

Sun, 03/01/2015 - 21:59 | 5844323 Duc888
Duc888's picture

 

 

Well, that will certainly add value to the market.

Sun, 03/01/2015 - 22:00 | 5844326 Intelligence_In...
Intelligence_Insulter's picture

Whose got that 0day?

Sun, 03/01/2015 - 22:20 | 5844378 vegan
vegan's picture

Anyone with a hunting rifle.

Sun, 03/01/2015 - 22:02 | 5844336 Bear
Bear's picture

When the SHTF, don't be the last one out becasue the second hour, the second day, the second week, the second month will be bad

Sun, 03/01/2015 - 22:05 | 5844343 kedi
kedi's picture

Faster, faster!! Reality is catching up!!!

Sun, 03/01/2015 - 22:20 | 5844377 kw2012
kw2012's picture

that;s what she said.

Sun, 03/01/2015 - 22:11 | 5844353 NOZZLE
NOZZLE's picture

So lets see if I have this straight, they closed the street in front of the stock exchange, they have metal detectors and armed guards inside the front door and this is the entire backbone in the picture, really ahahahahahahahahahahahahahahaha

Sun, 03/01/2015 - 22:19 | 5844373 vegan
vegan's picture

Long: Quantum-coupled particle communication technology.

 

Mon, 03/02/2015 - 00:19 | 5844654 ersatz007
ersatz007's picture

now yer talkin'

Sun, 03/01/2015 - 22:21 | 5844374 Thirtyseven
Thirtyseven's picture

And I believe
These are the days of lasers in the jungle
Lasers in the jungle somewhere
Staccato signals of constant information
a loose affiliation of millionaires
And billionaires, and baby...

-Paul Simon

Urban Jungle of course.  Oh man how Paul Simon was ahead of his time.

Sun, 03/01/2015 - 22:19 | 5844375 motorollin
motorollin's picture

I used to install this shit. Those radios are so expensive that they have insurace policies! I'll also bet that the climber installing them doesn't make more than $20/hr if he's someone's employee.

Sun, 03/01/2015 - 22:28 | 5844401 Freedumb
Freedumb's picture

Damn, I really needed those extra few nanoseconds. You know how hard it is to read a 10-Q in 3 nanoseconds?

Sun, 03/01/2015 - 22:30 | 5844404 Dr. Gonzo
Dr. Gonzo's picture

The nano second before they execute your market order they will be raping, sodemizing, robing, and torturing it... and they won't even give you a cigarrete before you click your mouse.

Sun, 03/01/2015 - 22:30 | 5844406 michigan independant
michigan independant's picture

quantum encryption data transmission

Sun, 03/01/2015 - 22:42 | 5844431 logicalman
logicalman's picture

Wall E was my firt thought when I saw the close up!

 

Sun, 03/01/2015 - 22:39 | 5844420 Miss Expectations
Miss Expectations's picture

.

Sun, 03/01/2015 - 22:43 | 5844436 theFNG
Sun, 03/01/2015 - 22:49 | 5844451 Conax
Conax's picture

OMG they've taken Johnny 5's head and mounted it on their totem pole!

Those bastards!

Mon, 03/02/2015 - 00:59 | 5844725 mastersnark
mastersnark's picture

"Who's Johnny?," she said, and tried to look the other way...

Sun, 03/01/2015 - 22:52 | 5844463 yogibear
yogibear's picture

All you need is a drone with a small can of actuated matalic paint to spray over the lasers. It would F it up real good. 

Not much spray needed to reflect the laser beam.

You could also spray the microwave towers with expanding carbonize foam and mess those up as well.

 

Sun, 03/01/2015 - 22:56 | 5844475 luckylogger
luckylogger's picture

1 well placed hft bullet out of my 22-250 would take care of the issue and break the company using it..............
Just gotta time the shot...
From 400 yards away to hit 1 nanosecond before the release.......
Only problem is to figure out how to profit by it.
The shooting part is easy..............

Mon, 03/02/2015 - 08:04 | 5845050 Tall Tom
Tall Tom's picture

One second before Friday's Market Close...Go long beforehand.

Sun, 03/01/2015 - 23:02 | 5844485 Clowns on Acid
Clowns on Acid's picture

Bulls ca make money, Bears can make money, but Gigs use them for fodder.

Sun, 03/01/2015 - 23:09 | 5844496 johnberesfordti...
johnberesfordtiptonjr's picture

Finally, a decent conspiracy article on ZH that involves an actual conspiracy.

How do you expect to give psychopathic Wall Street elites massive bonuses without legalized front running theft? However, this is only part of the picture; the use of Artificial Intelligence (often at the back end of the 10’s of terabytes/sec data stream) is the secret sauce in the process. You only have to do a search in the GS jobs listing site to get a feel for what’s happening-

http://www.goldmansachs.com/a/data/jobs/search.html

or

http://www.goldmansachs.com/careers/index.html

For example, you can bet that scads of neural nets have been trained to recognize “market opportunities” and respond to them instantaneously. I know that a majority of ZHers loath government intervention/regulation (part of being a sucker for the plutocracy); but, surely they must see that technology based front running along with programmed market manipulation is highly destructive to the market itself.

Increasingly, the game is rigged and the last remaining non-Wall-Street-corrupted politician should be screaming from the rooftops for MORE regulation.

Not likely to happen until the next cataclysm.

Sun, 03/01/2015 - 23:13 | 5844502 adr
adr's picture

So what you're saying is that tower goes down and not only would it cause the fucking people ruining the world to lose millions of dollars, but it might return some sort of true price discovery to the market?

Fuck, lets get a gang of 100,000 people to rush that field and tear that goalpost down!!!

FREEDOM!!!!!!!!

Sun, 03/01/2015 - 23:19 | 5844510 Dre4dwolf
Dre4dwolf's picture

In Greece its common for farmers and townspeople to burn down cell phone towers because they believe in the cancer risks of living next to it.

^^ just saying ...

 

Yea. . .  if a few of those towers go down, you might actually have a chance to trade "real markets" again.

 

That being said, can't you interfere with this laser . . . with another laser ? shouldn't be that hard to cause tons of interference with a few 5mw  lasers from a few yards away.... just train it on the lenses and the signal should be horribly distorted.

Sun, 03/01/2015 - 23:16 | 5844506 Dre4dwolf
Dre4dwolf's picture

Lol as if the average joe day trader needed more reasons not to play anymore . . . dudes are using fucking lasers over long distances to trade with faking quantum computers hooked up to skynet making 90billion trades a sec. between each everyone of your keystrokes.

^^ shits probably reading brain waves trying to predict wtf people are going to do before they even doit so it can skim off the top just enough to "keep markets efficient" pffft...

I guess when the only one participating in the "markets" is Ai HFT'S speed does make it efficient . . . but I ask you this . . . when the only one trading / buying and selling is Skynet while the entire human population starts to starve to death . . . wtf is the point?

Mon, 03/02/2015 - 11:42 | 5845567 Emergency Ward
Emergency Ward's picture

What happens to a bird flying in front of the laser?

Sun, 03/01/2015 - 23:37 | 5844547 Dragon HAwk
Dragon HAwk's picture

Nothing like telling the whole world, that it's the most important tower on the planet.

 not that anybody would get ideas...

Mon, 03/02/2015 - 01:34 | 5844777 TN Jed
TN Jed's picture

Red leader, stay on target...

Sun, 03/01/2015 - 23:38 | 5844548 WilliamShatner
WilliamShatner's picture

Freakin' sharks with laser beams!

Nothing can stop them now, we're all doomed.

Sun, 03/01/2015 - 23:46 | 5844565 Jake Gittes
Jake Gittes's picture

Maybe they're going to use those lasers to control the internet and all users of the internet with net neutrality causing us all to lose our freedom and/or our lives.  Either that or they're going to use those lasers to kill anybody placed on an Obamacare death panel.  

We're all doomed.  The sky is falling.  The sky is falling. 

Sun, 03/01/2015 - 23:56 | 5844592 Raging Debate
Raging Debate's picture

Sharks with friggin laser beams on there heads!

Mon, 03/02/2015 - 00:01 | 5844608 dirty belly
dirty belly's picture

We know what 'chaff' is.  When chaff is falling from the sky, is that a condition of 'chaff' or 'chaffy' conditions?

Would this device work under 'chaffy' conditions?

See here:

http://www.flightglobal.com/assets/getAsset.aspx?ItemID=17100

Mon, 03/02/2015 - 00:01 | 5844609 imbtween
imbtween's picture

We lasered some folks.

Mon, 03/02/2015 - 00:10 | 5844624 q99x2
q99x2's picture

Good idea.

Mon, 03/02/2015 - 00:14 | 5844635 Solarman
Solarman's picture

I wonder what a drone in front of the laser would do to the signal?

Mon, 03/02/2015 - 00:34 | 5844680 Baby Eating Dingo22
Baby Eating Dingo22's picture

An exploding drone?

Or just one with a mirror?

Mon, 03/02/2015 - 00:24 | 5844666 ersatz007
ersatz007's picture

it's probably a decoy.

Mon, 03/02/2015 - 00:25 | 5844667 22winmag
22winmag's picture

Bullshit can travel at the speed of light?

Mon, 03/02/2015 - 08:10 | 5845057 Tall Tom
Tall Tom's picture

Damn it. You just invalidated Einstien's Special Theory of Relativity as Bullshit has mass.

 

Now I've got some major work to do.

 

Fuckin' thanks.

Mon, 03/02/2015 - 00:31 | 5844678 magne13
magne13's picture

Soon, financial market transactions will be done at such a speed that they will only exist in a digital fantasy land, almost invisible in fact, which means that there will transactions but the only way we can actually measure that anything has actually traded, is that each day at settlement, the market will be at some particular price, not determined certainly by any fundamental  or technical reason, but purely because he who has the fastest speed and the most money, can set it there.  We no longer have price discovery, but merely price pegging.  These so called exchanges are anything but exchanges, merely conduits for rigged pricing mechanisms, volume merely created via the facade of actual price discovery, but merely created to slow time enough to clog the matching engines so that one can gain that minute fraction of time it so desperately needs in order to cheat.  Zero speculators = zero price discovery.  It is time for these financial exchanges to be destroyed by real markets, tangible markets that actually provide a service.  In an arena by which is dictated by pay to play, which all these exchanges offer, how nobody has sued for unfair disadvantages is beyond me, the playing field is certainly not level, the playing field is dictated by those that can afford to be co-located and those that cannot, the SEC and the CFTC have failed at their regulating job.

Mon, 03/02/2015 - 00:49 | 5844706 MsCreant
MsCreant's picture

I use mental telepathy and ESP to frontrun. 

In all seriousness, the "market" (us) should refuse to play, leaving them with their lazers, microwaves and fiber optics, holding their dicks. Of course the fed would just keep printing. Oh wait...

Mon, 03/02/2015 - 06:09 | 5844964 El Hosel
El Hosel's picture

Almost there now, last week the SPY volume added up to about one days volume in the "Old Normal".... Nobody wants to play except the machine and its Masters.

Mon, 03/02/2015 - 00:33 | 5844681 Youri Carma
Youri Carma's picture

Time to release the 'Kraken' drones!

Mon, 03/02/2015 - 00:40 | 5844699 MsCreant
MsCreant's picture

This whole thing is an announcement to the "tear-her-wrists" on what to do to.

Mon, 03/02/2015 - 00:44 | 5844704 reader2010
reader2010's picture

"We lack a political economy of speed. I am not an economist, but one thing is clear: we will need one, or we will fall into globalitarianism, the “totalitarianism of totalitarianism.” As a reminder, I believe that the mastery of power is linked to the mastery of speed. A world of immediacy and simultaneity would be absolutely uninhabitable."

— Paul Virilio, The Administration of Fear, 2012

Mon, 03/02/2015 - 00:48 | 5844712 zebrasquid
zebrasquid's picture

What wacky doodle bizarro freakshow universe have we been gradually transported to in the past decade?
Seriously.

This does not end well.

Mon, 03/02/2015 - 00:51 | 5844715 MsCreant
MsCreant's picture

Think the Fed printers can out run the lasers? That's how fast they will have to print into the collapse/deflation.

Mon, 03/02/2015 - 01:10 | 5844720 SweetDoug
SweetDoug's picture

'

'

'

All that finanicial stuff going through that one itty, bitty tower?

Nothing a couple of clips of that there 5.56 wouldn't be able shut down for a about a week or two, eh?

No guards. No nothing.

Surprised somebody, well, in the true spirit of Tyler Durden has shot the thing up?

I'll shut up now.

Hell, 5 minutes with a gas powered chop saw and the whole thing'd be down!

 

My dad would call that a low-tech solution to a high-tech problem.

 

@¿-<
 V-V

Mon, 03/02/2015 - 02:27 | 5844831 lakecity55
lakecity55's picture

It is interesting the tower has been identified.

Mon, 03/02/2015 - 00:56 | 5844721 Shitgum Suicide
Shitgum Suicide's picture

Let's put Roseanne Barr and Rosie O'donnell naked in front of that tower and see if it goes limp. God knows I would.

Mon, 03/02/2015 - 01:08 | 5844737 joego1
joego1's picture

How fast can a ponzi go?

Mon, 03/02/2015 - 01:10 | 5844742 Super Hans
Super Hans's picture

The  point is no one fucking cares!  Everyone is so distracted by whatever it does not matter.  I watched a very tall woman at school walk-up fall on her face while walking and texting!  

A guy I know that reviews financials for a private equity firm just told me that I should now no longer have trouble finding work since the unemployment rate is so low.

I found work at the minimum wage selling meat in one of Kroger's best stores  nationwide.  It is hard manuel labor combined with retail sales. 

I made more money working in the late 80's working retail in H.S. 

FUCK YOU KROGER!

 

Mon, 03/02/2015 - 07:27 | 5845004 Unstable Condition
Unstable Condition's picture

Minimum wage at Kroger meat dept?

What the fuck do you guys pay dues to your union for?

Mon, 03/02/2015 - 01:15 | 5844748 jonjon831983
jonjon831983's picture

Go mission impossible and intercept / reflect the beams so it passes through your servers before going to intended destination?

 

(encryption is another matter)

Mon, 03/02/2015 - 01:30 | 5844767 Jordan Cove
Jordan Cove's picture

When private drones start disrupting communcations of this tower, the NYPD, FCC, etc. will have their anti-drone force in place.  There will be life sentances handed out for any attempt, successful or otherwise impeding the data streams of the Matrix.

The golden age of private, hobbyist drone flight is swiftly coming to a close.

Mon, 03/02/2015 - 01:31 | 5844772 Bemused Observer
Bemused Observer's picture

Be funny as hell if for some reason pigeons were attracted to it and it got plastered in a nice thick layer of shit.

Mon, 03/02/2015 - 01:36 | 5844783 Jordan Cove
Jordan Cove's picture

Anti-pigeon laser beams are not outside the realm of possibility.

Mon, 03/02/2015 - 02:25 | 5844828 lakecity55
lakecity55's picture

There are pointed "guard fins" that can be attached with a sunshield over these devices. The fins make it quite uncomfortable for a bird's bottom if he lands on the shield.

Mon, 03/02/2015 - 01:33 | 5844773 TN Jed
TN Jed's picture

Somebody is going to come home to a house full of popcorn.

Mon, 03/02/2015 - 01:37 | 5844784 Jordan Cove
Jordan Cove's picture

Where are my bunny slippers?

Mon, 03/02/2015 - 01:39 | 5844785 Jack Daniels Esq
Jack Daniels Esq's picture

Bubba's .3030 says your lasers are fukd

Mon, 03/02/2015 - 01:42 | 5844789 cart00ner
cart00ner's picture

One pidgeon turd could cause the uber-rich to lose a% or two...

 

Paintball anyone?

Mon, 03/02/2015 - 01:56 | 5844800 Jordan Cove
Jordan Cove's picture

When all is said and done, the NSA's true mission is the economic plunder of the world for the elite plutocrats via electronic means.  We are already tagged in some low level watch list database.

Why is my internet connect so slow tonight?

Mon, 03/02/2015 - 01:48 | 5844793 Grouchy Marx
Grouchy Marx's picture

I'd like someone to intercept that link, and insert some major buy orders for BlackBerry stock. It's done nothing since I bought it. 

 

Mon, 03/02/2015 - 01:57 | 5844802 Duck077
Duck077's picture

I want one.

Mon, 03/02/2015 - 02:32 | 5844834 TyCarrerra
TyCarrerra's picture

A drone can "accidentally" fly into that laser's line of sight. And all some Cancel or Retract orders may not go through...

Mon, 03/02/2015 - 03:25 | 5844885 raywolf
raywolf's picture

i guess that would be a pump and drone.....

Mon, 03/02/2015 - 02:42 | 5844849 Firewood
Firewood's picture

 

 

Two GBs per second of a-log BS in the virtual economy of a virtual demokracy.

Merca is wired, deluded and way way past crash time.

Mon, 03/02/2015 - 03:24 | 5844883 raywolf
raywolf's picture

When a pigeon shits on the glass the dow will lose 1000 points in 5 minutes....... and they call it progress....

Mon, 03/02/2015 - 07:13 | 5844992 CHX
CHX's picture

Yep, they will use morse code for pigeon shit at THE top, and all the HFT algos will be short within 4 microsecs and down she'll go. 

Mon, 03/02/2015 - 10:48 | 5845388 MsCreant
MsCreant's picture

They will call it a fat turd instead of a fat finger.

Mon, 03/02/2015 - 03:27 | 5844888 CHX
CHX's picture

Simple solution to get rid of HFT: ANY bids can only get cancelled after 5  sec, anything you bought you have to hold it for at least 10 s before you resell. Done.

Mon, 03/02/2015 - 04:19 | 5844911 juujuuuujj
juujuuuujj's picture

There are many solutions, but the problem is, exchanges will compete to offer services without such limitations. Whether it's a tobin tax, or a rule on trade latency, it has to be global and well enforced. Either that, or we should invent some new bitcoin-style protocol for fair trading with a public ledger. 

Mon, 03/02/2015 - 05:00 | 5844930 CHX
CHX's picture

I'm realistic enough to know this mess will go on until there is a major crash and/or overhaul of the system.

Mon, 03/02/2015 - 04:09 | 5844906 Panic Mode
Panic Mode's picture

Moar rigging

Mon, 03/02/2015 - 06:00 | 5844960 El Hosel
El Hosel's picture

Moar better rigging.

Mon, 03/02/2015 - 04:17 | 5844912 gatersaw
gatersaw's picture

Begin the aerial drone intifada. 

Mon, 03/02/2015 - 08:28 | 5844916 fxpmtrader
fxpmtrader's picture

Only dumb sheeple continue to trade these "markets".

Where as "markets" means pool of sharks (Megabanks), crocodiles (HFs & SWFs) and gorillas (CBs) - behaving like (Kim's) sirenes and in fact deadly parasites - trying to get as much of dumb sheeples (that is trading addicted trading junkies) blood (money) as possible. And they use any trick available.

Of course these brainless and ignorant sheeple get what they deserve - 95% or so are gonna loose their shirts/lifes.

Naked idiots. Just until the next time the sirenes are calling and singing their song and myth of becoming rich and millionaires with trading.

A handful (1 in a million) are still able to get out - and to produce something useful - while the majority (worthless crap and in fact nothing else but addicted tiny meaningless wannabe money changers) gets fleeced until there is nothing left of them anymore. Rightly so - another way how nature gets rid of useless crap.

Over the long run also the parasites get killed - after they have sucked away all lifeblood available.

In other words: this whole business (which is nothing else but looking for the next greater fool) stinks from it's feet and from its head - and the earlier it is swept away, including all that crap and junkies and parasites, the better for the planet and the rest.

Mon, 03/02/2015 - 04:55 | 5844924 Element
Element's picture

Kewl! ... all time highs at the press of a button! Stawk market which is supposed to be the orderly regulated investment mechanism of an actual real-economy (NOT! Fucking casino, ONLY casino, look at US macro, look at S&P, look at US macro, look at lazier, look at ..), completely divorced from economic price to earnings, in a world of mark-to-make-believe non-accounting, propped by a QE aberration, where counterfeiting criminals never go broke and can buy any Loaws they want.

 

Heil the ZOMBIE ABOMINATION!

Poisoning, purifying and destabilizing THE WHOLE PLANET, for a thousand years, for the farther laaaande!

SIEG   HEIL!

SIEG   HEIL!

SIEG   HELL! ...

oops! ... sorry ... just a Freudian slip ... carry on punters! ... don't forget to collect your free cardboard box condo on the way out the door and do your part for the environment and for the farther lande!

 

 

This stock report has been bought to you by Schmuckers.

 

Mon, 03/02/2015 - 04:52 | 5844926 forputin
forputin's picture

Majority of cameras around Kremlin where Nemtsov was killed - where switched off "due to tehnical reasons":

http://www.kommersant.ru/doc/2678101

Do your own conclusions.

Mon, 03/02/2015 - 06:43 | 5844974 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Do your own conclusions.

Conclusions: you are Latvian, part of Kiev Kartofel Korps, trolling for potato.

Mon, 03/02/2015 - 04:53 | 5844927 Peter Pan
Peter Pan's picture

It is in my view nothing more than Wall Street's Tower of Babel.

And we all know what happened to that tower.

Mon, 03/02/2015 - 05:58 | 5844959 El Hosel
El Hosel's picture

Don't worry folks, all that " Free Money" squeezed out of the "Market" will be put to good use doing Gods work.

Mon, 03/02/2015 - 06:02 | 5844961 El Hosel
El Hosel's picture

That must be another green laser, wake me up when they put in the red ones.

Mon, 03/02/2015 - 06:10 | 5844965 cluelessminion
cluelessminion's picture

I don't want to thread jack but does anyone here think that the recent shooting in LA is somehow supposed to be a big distraction?  The cops in LA couldn't be that dumb and/or the media would not publicize it so much. 

Mon, 03/02/2015 - 10:53 | 5845408 MsCreant
MsCreant's picture

Huh?

Mon, 03/02/2015 - 06:47 | 5844976 Comte d'herblay
Comte d&#039;herblay's picture

It is what it is.

Mon, 03/02/2015 - 06:48 | 5844977 Peter Pan
Peter Pan's picture

What's faster?

Telephone?

Telegram?

Asnwer: Scroll down for answer....

 

 

 

 

 

 

Tellawoman !!

Mon, 03/02/2015 - 06:49 | 5844979 messystateofaffairs
messystateofaffairs's picture

The malaise of malinvestment and maladaption continues this malady.

Mon, 03/02/2015 - 07:13 | 5844991 DutchBoy2015
DutchBoy2015's picture

So where is Chris Kyle when you really need him?

Mon, 03/02/2015 - 07:28 | 5845005 wally_12
wally_12's picture

God's work?

Mon, 03/02/2015 - 07:35 | 5845011 flacorps
flacorps's picture

Dr. Evil predicted it: sharks with frickin' lasers.

Mon, 03/02/2015 - 07:38 | 5845016 LongMarch
LongMarch's picture

Gentlemen, I present to you the target of our next False Flag attack.

Mon, 03/02/2015 - 07:41 | 5845020 StrikerMax
StrikerMax's picture

OK , Next HFT Crash is going to be made by someone with a 200$ Toy Drone Floating around the front of those Lasers :) :) LOL!

Mon, 03/02/2015 - 08:09 | 5845056 cornflakesdisease
cornflakesdisease's picture

IT MUST BE SAID!  I MUST POST THIS!  IT IS THE DECENT THING TO DO!

 

https://www.youtube.com/watch?v=Q5BAnPeXYTI

Mon, 03/02/2015 - 08:10 | 5845059 cornflakesdisease
cornflakesdisease's picture

My work is done.

Mon, 03/02/2015 - 09:18 | 5845116 Sid James
Sid James's picture

Frikkin sharks with frikkin laser beams.

Mon, 03/02/2015 - 09:25 | 5845126 Downtoolong
Downtoolong's picture

“This is like discovering Plutonium by accident.”

“This is who I am, this is what I do.”

George Costanza

Mon, 03/02/2015 - 09:28 | 5845129 tradingdaze
tradingdaze's picture

I just got my Windows 3.1 system and 300 baud coupler up and running.

Watch out.

Mon, 03/02/2015 - 11:37 | 5845543 Emergency Ward
Emergency Ward's picture

You are behind the times.  I just upgraded to WIN95 and a U.S. Robotics Sportster 14,400.

Thu, 03/05/2015 - 23:21 | 5859995 Skiprrrdog
Skiprrrdog's picture

All right... 'Plug-N-Pray'... I am loving it!

Mon, 03/02/2015 - 09:34 | 5845133 uncle_vito
uncle_vito's picture

How are these able to work if it is raining or there is fog?

Mon, 03/02/2015 - 09:38 | 5845145 VAD
VAD's picture

I could have a lot of fun with one of those little laser pointers.

Mon, 03/02/2015 - 10:00 | 5845193 withglee
withglee's picture

This is very "good" technology. If enables much more reliable and high capacity connections. I'm sure its deployment will be, and should be, pervasive.

Regarding HFT: It is a problem (holding a position for micro-seconds and placing and canceling orders before they can take effect is not trading ... it's manipulation). However, the antidote for this is trivial and 100% effective. Just add a random delay to "every" transaction (i.e. impose an even longer latency than this technology removes and make it random).

An unpredictable latency, even of relatively short duration, will render all HFT algos impotent.

Mon, 03/02/2015 - 11:33 | 5845524 Emergency Ward
Emergency Ward's picture

You got it...

Mon, 03/02/2015 - 10:10 | 5845230 Pumpkin
Pumpkin's picture

Sounds like a well placed trade and a .22 bullet could be the key to successful trading.

Mon, 03/02/2015 - 10:11 | 5845235 roadhazard
roadhazard's picture

drone it.

Mon, 03/02/2015 - 10:14 | 5845243 bpj
bpj's picture

A drone with a mylar balloon attached would probably disrupt.

Mon, 03/02/2015 - 10:26 | 5845290 DontFollowMyAdv...
DontFollowMyAdviceImaDummy's picture

This is why every order should be a limit order only... can't wait 'til dr.evil-flashboy decides to put lasers on sharks for trades across the Pacific

Mon, 03/02/2015 - 10:44 | 5845369 F em all but 6
F em all but 6's picture

Step1. Locate Muppets. Step 2. Set lasers to "slaughter". Step 3 Drag sacks of cash over the corpses. Same as it ever was.

Mon, 03/02/2015 - 11:40 | 5845556 ThisIsBob
ThisIsBob's picture

 .223

Mon, 03/02/2015 - 12:03 | 5845672 JohninMK
JohninMK's picture

If you guys here have already spotted the potential opportunity that a well timed bullet might create, don't you think that the professionals actually in the HFT business will have done the same, will know exactly how to benefit and have the funds for a 'hitman'?

But don't expect to hear about it in the MSM.

Mon, 03/02/2015 - 12:53 | 5845873 Hannibal
Hannibal's picture

The looting perfected.

Mon, 03/02/2015 - 13:31 | 5846010 Mediocritas
Mediocritas's picture

"Speed makes markets more efficient" --HFT asshole

Fucking RETARDED. No! Speed makes things more INefficient. You want efficiency, you SLOW DOWN.

Speed is a trade-off AGAINST efficiency. Fly faster, drive faster, run faster, work faster -> burn more energy, cut more corners, have more spectacular crashes.

Markets are dead now. The book is a total lie, there's no real depth, no MASS to the quotes. An ephemeral market is the ghost of a dead market.

Mon, 03/02/2015 - 20:03 | 5847673 SquadronVBF94
SquadronVBF94's picture

RPG

Tue, 03/03/2015 - 03:59 | 5848743 pparalegal
pparalegal's picture

Why wait, a well placed .308 or 7mm Mag will give you a competative advantage in no time.

Thu, 03/05/2015 - 23:31 | 5860006 Skiprrrdog
Skiprrrdog's picture

zzz

Thu, 03/05/2015 - 23:32 | 5860008 Skiprrrdog
Skiprrrdog's picture

what he said...

Thu, 03/05/2015 - 23:30 | 5860018 Skiprrrdog
Skiprrrdog's picture

Who even gives a rats patoot any more. Planet x is supposed to do a fly by in the fall of this year, and we can all go back to being medieval again. Fuck you, OblahBlah, I am a mutant now... tax this!

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