// Posted by Jessie on 06/04/2015 (5:56 PM)
A small consortium of players making billions skimming and scalloping pennies has essentially hijacked the trading markets. These high-frequency traders measure time in microseconds. This is a far cry from the time it took carrier pigeons to trade on the outcome of the Battle of Waterloo. Today, technological advancements have transformed trading to computer algorithms that essentially trade at the speed of light. Looking for trading advantages is essentially nothing new and the consequences of high frequency trading seem to be broadly acknowledged and researched.
Technology has increased the speed at which data is transmitted and the rate at which data is moved across the communications channel is essential in high frequency trading. It was interesting to learn that there are firms working on reducing latency by shortening cable distance and pivoting the use of microwave signals. It will be interesting to watch and see if and how microwave technology overcomes the issues with atmospheric conditions and how cable overcomes the expensive shark issue.
In today’s society there are many people that feel powerless to influence their own living environment. However, technological advancements have promoted social change as evident in the Arab Spring movements. Through the use of social media, Arab society, especially its youth, were able to unify and effectively revolutionize the shared hope of what was possible across the region. In addition, many attribute the election of our current president to social media. All through history, technological advancement has weakened the balance of the existing social order to allow for change.
The article “High Frequency Trading” asserts that “Governments are finding it harder and harder to censor information, and to hide corruption” which is similar to what the Internet was essentially designed to do. The countercultural values were of decentralization and personalization. The intention was to create a more flat world of a shared conscientiousness, which seems to be what is happening.
Through the development of more powerful compact technology, it has become more and more difficult to hide corruption and is leading to a shift in power to society. I don’t know if it’s just me but after learning about the counterculture and their intentions I have found comfort in the technological advancements.