“If true, it amounts to the same advantage as insider trading”
I’m sure that Goldman Sachs only uses their advanced information for the public good. It’s all we would expect from the D’s biggest private contributor. And the rules which allow them to do this were implemented in 1998, when Robert Rubin was Treasury Secretary.
Bullsh--. This claim is like saying that those who read Barron's or IBD are "insider trading" because they have more knowledge of the markets than the average Joe on the street.
The firms are simply paying a very large amount of money to get the same data feeds everyone else gets, but faster, and then paying a lot of expensive software engineers and quants to devise algorithms to take advantage of the speed. That's all.