How the Speed of a Trade Got Down to Nearly the Speed of Light
Episode publishedPodcast: Odd LotsOdd Lots
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Hello, and welcome to another episode of the Odd Lots podcast. I'm Joe Wiesenthal.
And I'm Tracy Allaway.
Tracy, one of the things that I think we like to do on this podcast is sort of de abstract the things that we take for granted in the world. Right. There are various processes. We always say this when there's, like, a blow up or something like that, where it's like, oh, if we're having to pay attention to x or y, there must be something going on. But we don't always have to wait for blow ups. But, like, we live in this world where, like, you click buttons and things happen, and you have some intuition of what happens after the button is clicked. But you don't really have a great intuition of,
Absolutely. I actually don't know how the process of, like, inputting an equities trade actually works, like, where it kind of shows So that's a big question. I suspect a lot of people, even people who are in markets, probably don't know, like, the entire sequence of events, partly because it's gotten more complicated over the years with, like, reg NMS. Do you remember that?
Yeah. And
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