SMG SM 131 Lecture Notes - Lecture 1: Front Running, Deontological Ethics, Inflectional Phrase
7 Nov 2016
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Like i said above, spread networks laid a high speed fiber optic cable from chicago to nj for 300 million dollars in order for a 3 milliseconds faster delivery of information. A couple of cents per exchange, but millions of exchanges per day, which adds up fast. (tens of. They went around to large banking institutions, such as t. rowe price, vanguard and capital and explained the front running that was going on and how the rigged stock market was impacting their customers and therefore their businesses. These companies along with other large financial institutions then funded. Motivated blind spot: the banks overlooked the overcharging because taking the time to investigate it would mean they would lose the money they could make by continuing to trade. Indirect blindness: banks probably thought it was some random computer error that accounted for the change in price.
