Wired has written a long, widely-quoted and referenced article on HFT.
It’s a long one, but a good read over a cup of coffee if you’re so inclined.
The article includes some nice graphics showing just where the main HFT areas are (New York and Chicago are 3.9 milliseconds apart at the speed of light) and details the arms race between competing firms to get their data just a fraction ahead of the competition.
Would you believe that some firms are even considering using drones carrying microwave relay stations to ferry data signals across the Atlantic at the fastest possible speeds?
And that some entities have been trying to sabotage upstart exchanges competing with the traditional, long-established exchanges?
And that one day some hedge fund will want a particle accelerator to generate earth-penetrating neutrinos to ensure a faster time to exchanges on the other side of the planet?
To enjoy the original article, go here now:
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