{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"e613fff5-9eda-4e8d-b348-903e6d630253","title":"黑箱社会 控制金钱和信息的数据法则＝THE BLACK BOX SOCIETY","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787508655208","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"e613fff5-9eda-4e8d-b348-903e6d630253","id":"e613fff5-9eda-4e8d-b348-903e6d630253","uuid":"e613fff5-9eda-4e8d-b348-903e6d630253","title":"黑箱社会 控制金钱和信息的数据法则＝THE BLACK BOX SOCIETY","normalized_title":"黑箱社会控制金钱和信息的数据法则theblackboxsociety","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787508655208","isbns":["9787508655208"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":318,"navigation_url":"https://workshop.closeclaw.top/ai/book/e613fff5-9eda-4e8d-b348-903e6d630253","title_url":"https://workshop.closeclaw.top/ai/title/%E9%BB%91%E7%AE%B1%E7%A4%BE%E4%BC%9A%20%E6%8E%A7%E5%88%B6%E9%87%91%E9%92%B1%E5%92%8C%E4%BF%A1%E6%81%AF%E7%9A%84%E6%95%B0%E6%8D%AE%E6%B3%95%E5%88%99%EF%BC%9DTHE%20BLACK%20BOX%20SOCIETY","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/e613fff5-9eda-4e8d-b348-903e6d630253/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/e613fff5-9eda-4e8d-b348-903e6d630253/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/e613fff5-9eda-4e8d-b348-903e6d630253","page_url":"https://workshop.closeclaw.top/api/ai/books/e613fff5-9eda-4e8d-b348-903e6d630253/page","search_url":"https://workshop.closeclaw.top/api/ai/books/e613fff5-9eda-4e8d-b348-903e6d630253/search"},"page":{"printed_page":182,"pdf_page":201,"physical_index":201,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"e48a45e5c2e4b918b2c01ccfe92eec051b78f84fe0293084917dcf93d414adb5"},"chapter":"第三章","content":"当然，购买及时数据的做法有时会弄巧成拙一旦暴露，聪明的交易者可能会彻底放弃将该数据用作交易提示，或者他们也可能提高赌注，并设局智取早期数据的购买者。这是怎么实现的呢？关键点是股票市场的分散操作和超快的通信技术。比方说，一名交易者在上午9时54分58秒（比9:54晚58秒，比消息公开时间早2秒)看到“辉瑞”和“突破性”词语时通过机器放出一个买盘，以每股100美元的价格购入5000股的辉瑞公司股票。一旦该买盘指令传输到其他交易者的终端，该指令本身可能就是一个信息。如果其他交易者的操作机器可以在放出买盘的交易者之前完成交易，他们就会给他重重的一击。正如前一个交易者通过购买新闻报告先人一步的做法一样，另一个行动迅速的交易者也可以收买交易所，从而能够立即获知前一个交易者有买盘放出。\n\n高频交易系统可以在几分之一秒内完成交易。在上述例子当中，一名交易商能够在上午9：54：58:400时抢股（上午9：54之后58秒400毫秒)。高频交易系统与短时交易环境堪称完美匹配。股市越来越不关注真正的经济问题（比如，哪家公司生产的汽车最省油？或者哪家公司的汽车最受用户欢迎？)，而是急于寻找快速套利的机会。(比如，我们如何在某一大型养老基金买进数千股福特股票之前几毫秒内率先买进，然后推高价格，几毫秒之后再将它们卖出？）后一种策略完全依靠信息优势比其他人提早获知信息(或通过算法解密一些信号)。\n\n黑箱社会The Black BoxSociety\n\n182","previous_page":181,"next_page":183}