“Thomas Peterffy talked about his robot trader in 2013” would have been a more appropriate title though.
The presumably an old CME futures data centre now and that the data is not transmitted via fiber.. I did not know.
ZBZB Since 2013 to now, is lighting speed change of algo and projects in that space. Imagine trading now with WSJ prints in paper form, kind of change.
Automate This by Christopher Steiner But the data feed was only half the problem. How would Peterffy execute his trades without having a team of people sit at NASDAQ terminals? He could not send a wire back into the machines as he had done before. No, the trades had to go through the keyboard, just as NASDAQ had ordered. Peterffy had an idea, a crazy idea. But could such a thing work? During a frantic week, Peterffy and his best engineers welded metal, wrote code, and soldered wires. They affixed a large Fresnel lens to the face of the NASDAQ terminal to enlarge the screen’s text. A camera was placed a foot from the lens. From the camera, a wire led to a computer sitting adjacent to the apparatus. In just a few days, Peterffy and his programmers wrote software that would decode the visual data stream- ing in from the camera. From there, the data could be plugged into Peterffy’s existing algorithms that once used the direct wire from the NASDAQ terminal. A new wire now came out of the IBM and, instead of slithering into the case of the NASDAQ terminal, ran into to a nest of metal rods, pistons, and levers hovering above the terminal’s keyboard. If the cam- era and screen-reading rig appeared odd, this piece of the system was downright bizarre. It evoked the intricate mechanical looms of the In- dustrial Revolution. The device was an automated typing machine, built from scratch. As orders came from the computer, the machine’s rods rapped the terminal’s keys in staccato bursts. Orders flew out one after another, with dozens logged in under thirty seconds. The NASDAQ said trades had to be typed, but they didn’t specify who had to type them. Peterffy’s team had created a trading—and
Touch sensitive Ipad like in 1983 83 ffs, with live price feed which nobody else had and doesn't believe in patents so let everyone copy to help move things along, TOP LAD!!!