FTX’s Systems Gave Alameda Trades a Secret Speed Edge, CFTC Says

Dec 14,2022
KingData News: Sam Bankman-Fried’s trading house Alameda Research had a secret speed advantage when executing orders on his now-collapsed FTX crypto exchange, according to the US Commodity Futures Trading Commission. The CFTC says these advantages are not publicly disclosed and yield a "significant speed advantage" The CFTC says "Alameda's orders are milliseconds faster than those of other API users. In the high-frequency trading space, this is a significant time advantage."
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