{"id":4646,"date":"2012-05-01T12:59:00","date_gmt":"2012-05-01T16:59:00","guid":{"rendered":"http:\/\/www.math.columbia.edu\/~woit\/wordpress\/?p=4646"},"modified":"2012-06-08T08:27:53","modified_gmt":"2012-06-08T12:27:53","slug":"neutrinos-to-give-high-frequency-traders-the-millisecond-edge","status":"publish","type":"post","link":"https:\/\/www.math.columbia.edu\/~woit\/wordpress\/?p=4646","title":{"rendered":"Neutrinos to Give High-Frequency Traders the Millisecond Edge"},"content":{"rendered":"<p>Recently US plans for the LBNE next-generation neutrino experiment have run into trouble finding room in projected HEP budgets. Today (via <a href=\"http:\/\/twitter.com\/#!\/emanuelderman\">Emanuel Derman&#8217;s twitter feed<\/a>), I learn of a promising new source of funding.  A Forbes columnist reports <a href=\"http:\/\/www.forbes.com\/sites\/brucedorminey\/2012\/04\/30\/neutrinos-to-give-high-frequency-traders-the-millisecond-edge\/\">here<\/a> on prospects for using neutrino-based communication through the earth to do high-frequency trading, arbitraging prices in markets on opposite sides of the globe.<\/p>\n<p>To actually do this, I&#8217;d guess that financial firms would have to site machines like Fermilab&#8217;s proposed Project X and detectors like the LBNE one close to the servers running the markets. When they do this, maybe they&#8217;ll let physicists use them on weekends to do physics.  It has been unclear whether the US government could afford to build Project X\/LBNE, but surely Goldman Sachs and other major investment firms would have no problem coming up with the billions needed.  Yes, I&#8217;m well aware that this is a completely insane and ridiculous idea, but that hasn&#8217;t been an obstruction to Wall Street innovations in recent years.<\/p>\n<p><strong><br \/>\nUpdate<\/strong>:  For the latest on LBNE, see <a href=\"http:\/\/www.nature.com\/news\/neutrino-project-changes-focus-1.10553\">this from Nature<\/a>, out today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently US plans for the LBNE next-generation neutrino experiment have run into trouble finding room in projected HEP budgets. Today (via Emanuel Derman&#8217;s twitter feed), I learn of a promising new source of funding. A Forbes columnist reports here on &hellip; <a href=\"https:\/\/www.math.columbia.edu\/~woit\/wordpress\/?p=4646\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[9],"tags":[],"class_list":["post-4646","post","type-post","status-publish","format-standard","hentry","category-experimental-hep-news"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.math.columbia.edu\/~woit\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/4646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.math.columbia.edu\/~woit\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.math.columbia.edu\/~woit\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.math.columbia.edu\/~woit\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.math.columbia.edu\/~woit\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4646"}],"version-history":[{"count":6,"href":"https:\/\/www.math.columbia.edu\/~woit\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/4646\/revisions"}],"predecessor-version":[{"id":4769,"href":"https:\/\/www.math.columbia.edu\/~woit\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/4646\/revisions\/4769"}],"wp:attachment":[{"href":"https:\/\/www.math.columbia.edu\/~woit\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.math.columbia.edu\/~woit\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.math.columbia.edu\/~woit\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}