People talk about “latency” in markets like it’s inherently suspicious. We think that’s the wrong frame. The real issue isn’t speed; it’s synchronicity: how quickly different points of view converge on the same market reality. Questions I hear often go something like this:
Why does speed matter? Isn’t low latency a bad thing? Should firms that build faster connectivity even exist?
I think the word “speed” (or “latency”) has been successfully framed as a moral issue. It is not. It is an engineering reality inside any distributed system.
So, let’s use the better word:
Synchronicity.