From Russia With Latency
In the same way, the timeliness of data delivery is critical to trading today. If data arrives late, not only can it result in traders or algorithms missing a trade, it can even result in a trade at the wrong price. Thus, timely data without errors or delays can be the difference between a winning and losing trading strategy. Algorithms can't be relied on to tell whether it is Christmas or midsummer, or-as in the case of some erroneous news stories that infamously generated frantic trading last
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