Patent application no. 14/451,356 has one goal: to outrun the speed demons of Wall Street. http://www.bloomberg.com/news/artic...-a-killer-flash-boy-app-and-you-can-t-have-it
Seems like a completely undefendable patent to me, how could they possibly know and then prove that another entity was using this method as well?
I would have figured Renaissance would have a large HFT trading arm themselves. It sounds like something they would have pioneered in the first place.
it's a pretty simple idea basically adding known latency then synchronising to take liquidity amusing that ren tec is doing all this to pay the spread.