by Brianna Panzica, Wealth Wire:
We’re in an era of technology where it’s not just having the gadgets that matters – it’s having the best gadgets.
And for traders looking to move their positions on the market quickly, this is no different. In fact, it’s even more important.
It’s the high-frequency traders – those with the ability to process information and make moves milliseconds faster than everyone else – that will always have the upper hand.
And private data providers are starting to make this even easier for them, screwing regular traders in the process.
The Institute for Supply Management (ISM) has started a new “low-latency” feed to which high-frequency traders can subscribe. When they release the data for the index of manufacturing activity, it will send the “low-latency” feed and the Business Wire report at the same time. But high-frequency traders will get it milliseconds earlier, an amount of time that makes all the difference.