The 10-second delay, which was calculated by the analysis firm Nanex LLC, indicates that something rare was likely happening in global markets Tuesday morning: Human beings were seeing — and reacting to — news before computer trading programs could move on it. In an era of super-fast algorithmic trading in which delays are measured in milliseconds and less, the ten second gap indicates that possibly no one in global markets has yet figured out a way to incorporate Donald Trump’s tweets into their trading algorithms. If they had, the market response would likely have come much, much faster.
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