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John Coates

John Coates

Australian lawyer and former president of the Australian Olympic Committee

Sep 22, 2026

2:03
John, outside the truth social context, isn't selling low latency access to already public information a standard business practice done by Bloomberg, Dow Jones and the like?
2:15
Yes.
2:15
I mean, even 50 milliseconds of a timing advantage is commonly paid for by third parties in the markets.
2:23
The easiest example is arbitrageurs who are trading in two different markets and they see the same asset being traded at slightly different prices.
2:31
They buy in one, they sell in the other, and the faster they can exploit that gap, hopefully before anybody else does, the more likely they're gonna profit from that.
2:41
And so they'll pay millions to co-locate, to physically locate their computer systems to be very close to the source of whatever information they're trading on.
2:52
Um, but here's the difference between that, which is pretty common and what's going on here in those situations.
4:49
think I'd say the same thing if it were Biden doing

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