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William O'Brien, chief executive of Direct Edge, makes no apologies for the practice, saying flash has gotten investors better prices on larger orders roughly 10% to 15% of the time.
WSJ: Ban on Flash Orders Is Considered by SEC
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On EC2, available CPU, storage, and available memory can be orders of magnitudes larger than on mobile devices.
ENGADGET: Amazon Silk browser spins a faster mobile web, courtesy of cloud servers (video)
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The defendants were convicted in 2009 of one count of conspiracy for selling day traders access to the information that came from the internal squawk boxes, allowing the traders to beat larger firms to orders on securities.
FORBES: 'Squawk Box' Defendants Denied Bid For New Trial
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But Bassoul, 47, knows he can bank on upcoming orders from Fresh City as well as from much larger outfits like Yum Brands (KFC, Pizza Hut, Taco Bell) and Domino's Pizza.
FORBES: Sell the Sizzle