Don't Bother Joining the Low-Latency Arms Race, Say Low-Latency Traders

"The opportunities in US equities for straight speed low-latency arbitrage are pretty much gone unless you are a major player," said Chris Bartlett, a partner at high-frequency shop Nobilis Capital. "The days of three people who know technology and market data co-locating their computers to take advantage of what's already been done, they're just not there anymore."

The change is reflected in the profits of high-frequency trading (HFT) shops across the country, he said. There are simply too many