According to Information Week Magazine:
“A one (1) millisecond advantage in trading applications can be worth
$100 million a year to a major brokerage firm.” In the wireless arena
it is referred to as “latency,” i.e., how much time it takes for a
packet of data to get from one designated point to another.
Traders making millions of transactions a minute recognize the superiority of wireless for sending and receiving data. Jump
Trading LLC recently installed microwave antennas across the street
from the data center operated by CME Group, the world’s biggest futures
exchange located just outside of Chicago. The development was
precipitated by the need to submit trades faster, and the company is not
alone. Many companies are installing microwave equipment around the
facility to stay ahead of other competition. According to ZeroHedge.com,
faster data transfers can make the difference between billions in
profits or losses for traders. Placing microwave towers close to the CME
data center, reduces the amount of time data is transferred by
fiber-optic cable, and allows trading firms to operate faster. Continue Reading
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