Word: accesses
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Here's how firms capitalize on one aspect of high-frequency trading known as co-location: after paying a fee to an exchange, firms are allowed to co-locate, i.e., rent server space within or near the NYSE or another exchange's computer servers to get access to trading statistics faster - just milliseconds faster - than competing investors. This is just one of the techniques that have come to light in recent weeks as the result of a paper by Sal Arnuk and Joseph Saluzza, co-founders of Themis Trading...
Partha Mohanram, a professor of accounting at Columbia University and an expert on financial disclosure, agrees that firms that co-locate are at a huge advantage because as exchanges are charging for the service, it can't be considered equal access, even if the service is being offered to everyone. "To say that all high-frequency trading is bad and should be banned is an overreaction, but if preferred access is being sold, that is a problem that should be addressed," he says...
...annual fee that is usually less than $100, members can access thousands of listings for apartments, condos, villas, suburban homes and farms around the world. Initial contact is made through the sites via e-mail, with subsequent communication usually by phone. Before a match is made, potential swappers tend to talk a lot as part of a scoping-out phase that one exchange site likens to online dating...
...hard to beat free access to a washer and dryer and fully equipped kitchen, but swaps entail more planning than simply whipping out a credit card for a vacation package. Exchange seekers often contact dozens of people before they find someone willing and appropriate. For starters, location really matters. Kathleen Dwyer, a retired assistant principal who has been exchanging for six years, says she fielded lots of offers to swap when she posted her apartment in Manhattan. Now that she exchanges only her vacation home--an old sea captain's house in a fishing village in Nova Scotia--swapping inquiries...
Perhaps. The truth is that I could not be certain why agents had come after me or where it would lead. This was the problem, of course: the uncertainty. Regimes like the Islamic Republic excel in sowing doubt. Without transparency, and allowed unfettered access to my own imagination, I started to question everyone, including my own friends. Had one of them sold me out? Who could I trust? It was a path of suspicion that led unexpectedly to myself. I began to understand Rubashov in his cell, in Arthur Koestler's Darkness at Noon, a man driven...