'Hide Not Slide' was an order type in the financial algo space that exploited queue jumping to gain competitive advantage. The data-driven war on speed in automated trading resulted in a narrowing of 'edge' (the specialist term for the margin between bid and ask price) that ultimately rendered profit-taking virtually impossible. Victim of its own success, technological advantage collapsed and only a competitively viable but highly corrupt option remained as last resort: regulation arbitrage – extreme access asymmetry manufactured by exploiting legal and regulatory loopholes. This instance exemplifies the extent to which data are deliberately concealed. Non-transparency pays off in the hypercompetitive environments that define technocapitalism. Asymmetry investment – strategically employed imbalances of power due to manipulation, collusion, concealment, misinformation or fraud – is an effective tool to dominate markets and spheres of influence across all levels of life. Despite some controversy, queue jumping is praised for its benefits and remains a popular service on data-driven high frequency platforms, from algo trading to prioritised access and location management on urban platforms and from social media hacks to Starbucks’ mobile app service.

Urbanplatform 04

High Frequency Edge, New York, 31.01.2017

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