I could have sworn that was the line . Actually , I believe it ' s Welcome to the club , pal but close enough . <| sep |> Correct me if i ' m wrong , but aren ' t the HCVX 870 K and HCWX 970 identical on the inside except for the 2 nd camera and the viewfinder being a little different ? Thank you for the links and info . <| sep |> Obama ' s reaction when he see this comment . <| sep |> Julian transpire sous le pif . <| sep |> i like how he was kicked for inactivity <| sep |> Some Thanksgiving advice , just get super drunm and pass out than you dont have to pretend to be sleeping . <| sep |> Yeah . Her new kit looks like fun . I ' m a console player so I ' ll have to wait for the patch to go live to get to try it . <| sep |> Optiver defines HFT . Section 2 . 2 . Points 1 , 2 and 3 is what makes up frequency . Computers have been around in trading since forever . I have a friend who ' s had a Bloomberg since the 1980 s . Didn ' t I mention that people used to hang computers around their necks on the floor ? Just like those computers , the computers you ' re referring to weren ' t used to trade , but to number crunch . The computers I ' m referring to is the hardware that connects to an electronic exchange in which buysell orders are sent . Globex was the first electronic exchange , and that was launched in 1992 . Those people weren ' t laid off because they couldn ' t figure out how to use the computers you ' re referring to anyone could number crunch . Hell you could even get an intern to do it . They were laid off for the following reasons Introduction of new trading software . Just because you were good on the floor doesn ' t mean you ' ll be good at click trading . Introduction of new trading tools . We ' re talking about people who majored in English , or Celtic Studies , in college , or didn ' t even go to college at all . You want them to figure out how to read graphs and build out spreadsheets to track their positions ? No way . Dispersion of new market information . Remember that prior to the 2000 s , there was no such thing as an open order book . People were trading blind . Once exchanges became electronic , access to the live order book were given to exchange members , along with historical market data for those willing to pay for it . That ' s a huge amount of new information that completely changed the game . You could work out indicators , you could do quantitative research on historical data , you can see everything beyond the top of book at any time . The industry became more quantitative at the moment , and the older generation didn ' t know how to use the new information to place betterinformed trades . If you play poker , imagine playing the game without being able to look at the community cards , while everyone else at the table were allowed to look at those cards . Information in the game of imperfect information that is trading is literally value people who couldn ' t extract it were laid off because they were distinctly at a disadvantage , and that ' s not a hard concept to grasp . There ' s many more reasons but I don ' t need to write an essay to convince you that HFT isn ' t what laid these people off . Also probably the most important point here when did Spread Networks introduce the first lowlatency lines between Chicago and NY ? That ' s right . 2008 . Twothousand , fucking eight . The fewmillisecond advantage that these lines gave to HFTs is where the real advantage came in it ' s where latency arbitrage was born , the strategies that HFTs used that really started leaving impacts on the markets . You can ' t perform latency arbitrage if you ' re just colo ' d at each exchange but with shitty lines between them . I think this sufficiently shows that HFT wasn ' t the issue at all . And the comment I made about Putnam was a joke , take it easy . All I ' m saying is the same people who were fired in the article wouldn ' t be rehired by those banks today . Simple as that .