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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...
...through a telescope or pick up some free eclipse shades and gaze at the sun, rather than being limited to stolen glances. Squinting and looking down, I probably didn’t make a very compelling image of the proverbial intrepid reporter. I saw the line winding around the space museum—the line I was supposed to be on an hour ago—and groaned...
...California is not alone. Budget gaps are forcing officials in just about every state to scale back hours, reduce services and close even some of their most popular tracts of open space. But rather than panic, park officials are looking for alternative approaches to funding what was once exclusively paid for by the government. "After years of suffering budget cuts and scrambling for strategies to make ends meet, it's almost like parks people have had enough," says Phil McKnelly, executive director of the National Association of State Park Directors, an industry group in Raleigh, N.C. "People finally realize there...
...additional funding options for state parks could include transferring certain operations to municipal governments (which aren't exactly flush with cash these days) and increasing park-generated revenue for everything from campsites to dog-walking permits (which would make park visitors foot more of the bill for using public space...
...portraits is striking. Six busts in wire hang from the ceiling in front of a white wall. Spotlights shine on these three-dimensional contour caricatures, casting shadows on the wall behind. The shadows morph from profile to three-quarter to frontal views, as the wire busts rotate in space...