Zeptonics, the Australian company that last year promoted the “world's fastest switch”, has suffered a legal reversal after Australia's Federal Court decided some of the the company's technology, namely that used in its ZeptoLink, ZeptoNIC, ZeptoAccess KRX and Crosswise ATS products, was not its own. The case of Zomojo Pty Ltd v …
Are Zeptonics a publicly listed company?
I hope so, if only for the irony that their own (or, more appropriately given the court decision, Zomojo's) HFT technology and algorithms would be crucifying them on the stock exchange right now.
Giant squids hogging the marketplace
Every penny for the high-frequency traders one out of the pocket of a poor pensioner, who just doesn't understand why his shiny pension fund always underperforms the market. The magic earnings must come out of some pocket.
"Zeptonics takes pride in our integrity, people"
CLose but no biscuit
"Practitioners of HFT simply cannot tolerate the latency offered by conventional networking kit, as a few milliseconds' delay can be the difference between a profitable trade and an unwelcome loss."
No, HFT isn't about profit and loss, it's only about profit - getting in between pleb traders on slow systems and taking a cut on the way through.
10 goto zerohedge.com
20 search "hft"
30 for i = 1 to 10
40 read article
70 print "holy crap"
Jail time I hope
I didn't see a reference to an arrest warrant.
Breach of the Corporations Act is shirley a criminal offence?
Re: Jail time I hope
You would do well to learn the difference between criminal and civil proceedings. This was a civil dispute between two private parties, unless one of the parties ignores the Judge's orders then a custodial sentence is not an option.