It's easily mitigated by submitting your order 16 nanoseconds sooner.
Imagine UPS complained to the Feds that FedEx had an unfair advantage because they bought faster planes...
And actually it isn't very easy because nothing travels faster than light so you need some ridiculous method to determine with nanosecond accuracy the time that each order was 'created' at, which will invariably lead to people 'creating' orders and then not sending them.
Also the entire reason why LMAX is such a great method is because it IS serialized and IS FIFO doing those two things allows 6 million tps.
It's like seeing a car on the lot announcing I will pay $18,000 for this car and then wondering why the dealer won't sell for less than $18,000.
There's no law that says you have to trade on exchanges with HFT, you can trade on exchanges that don't allow HFT, have fun trying to find a counterparty though. Markets aren't fair they are efficient.
With enough money you can destroy practically any company. Don't like the cut of someone's jib? Buy any debt linked to stock price, short the fuck out of it then call it, leak a story about the outstanding debt and then profit on your short, buy more debt and force bankruptcy as the senior lender.
Imagine UPS complained to the Feds that FedEx had an unfair advantage because they bought faster planes...
And actually it isn't very easy because nothing travels faster than light so you need some ridiculous method to determine with nanosecond accuracy the time that each order was 'created' at, which will invariably lead to people 'creating' orders and then not sending them.
Also the entire reason why LMAX is such a great method is because it IS serialized and IS FIFO doing those two things allows 6 million tps.
It's like seeing a car on the lot announcing I will pay $18,000 for this car and then wondering why the dealer won't sell for less than $18,000.
There's no law that says you have to trade on exchanges with HFT, you can trade on exchanges that don't allow HFT, have fun trying to find a counterparty though. Markets aren't fair they are efficient.
With enough money you can destroy practically any company. Don't like the cut of someone's jib? Buy any debt linked to stock price, short the fuck out of it then call it, leak a story about the outstanding debt and then profit on your short, buy more debt and force bankruptcy as the senior lender.