High - frequency trading firms have been utilising old power cables in the UK to produce microwave technology which is at least 30 % faster than optical fibre . fibre Traders , which recently listed in the Netherlands , stated that fibre 's markets are more fragmented that those in the US . Next month Project 2012 , a new transatlantic fibre - optic cable goes into operation within six thousandths of a quarter of the data transmission time between London and New York at a cost of $ 300mn .
High-frequency trading firms have been utilising old radar stations in the UK to install microwave technology which is at least 30% faster than optical fibre. Flow Traders, which recently listed in the Netherlands, stated that Europe's markets are more fragmented that those in the US. Next month Project Express, a new transatlantic fibre-optic cable goes into operation shaving six thousandths of a second of the data transmission time between London and New York at a cost of $300mn.