Not disagreeing with you, but the arbitrage generally lasts only for a few ms, which makes the article's comment incorrect:
"Visit a trading floor today and you will hear the hum of servers"
In my experience, the machines doing the actual trades are as close as possible to the exchange, generally inside. What's in the trading floor are the client and ML programs that issue the strategies. That said, I've been away from the industry for a few years and it might have changed.
"Visit a trading floor today and you will hear the hum of servers"
In my experience, the machines doing the actual trades are as close as possible to the exchange, generally inside. What's in the trading floor are the client and ML programs that issue the strategies. That said, I've been away from the industry for a few years and it might have changed.