Good morning,
Whitewater’s forecast calls for a chance of rain or snow (that’s what the National Weather Service says), with a high temperature of forty-six degrees.
There will be a Common Council session tonight in Whitewater, at 6:30 p.m. The session will include a resolution on a moratorium for building permits in the TID 4 area, consideration of ordinances on natural landscaping, transient merchant licenses, and additional consideration of parts of the 2011 municipal budget proposal.
The full agenda is available online.
A moratorium on permits is a particularly good idea. As for the budget, I’ll comment on the full budget, with suggestions, when presentations conclude.
Over at Sciencenews.org, there’s a story entitled, “Trading places: Researchers find optimal locations for doing business in multiple markets,” about how (near) speed-of-light transactions may change where trading takes place. Rachel Ehrenberg reports that
Forget the trading floor — in the future, an empty lot in Uzbekistan or a barge anchored miles off Chile’s southern coast may be the most lucrative spot for playing the market. A new analysis that takes a particular kind of trading to its theoretical limit finds the precise locations between the world’s major securities exchanges for gaming the speed of light….
But to exploit the 50-odd milliseconds it takes for information to cross the Atlantic, it turns out that the sweet spot isn’t always at the exchange’s door. For some assets sold on more than one market, such as the New York and London stock exchanges, the money-making spot is in the middle of the Atlantic Ocean, researchers report in a paper to appear in Physical Review E.
