I'm an ex-Microsoft coder interested in developing automated news trading, please send me a message if anyone would like to collaborate further on this via Skype, thanks
Read flash boys.. it does a good job of explaining latency arbitrage . I experienced it myself trying to do low latency passive hft market making (limit orders)
If you're gonna high-speed trade off of it would also be a good idea to not rely on the SIP and consider the private feeds. That's where most of the latency arb exists.
I googled the big dogs and did not find them. Can you be kind enough to share their website address or a link ?? Thanks
I highly trust Benzinga Pro and Trade Pro Academy whenever I want to see how the market is operating.