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The microsecond market

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1 Author(s)

Since money first came into existence, some people have made gobs of it by having particularly timely access to important news. Perhaps the most notorious examples of this phenomenon took place during the first half of the last century in many U.S. cities. Here it was organized crime that profited immensely, and the news of interest was about horse races.

Published in:

Spectrum, IEEE  (Volume:49 ,  Issue: 6 )