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 Land’s End, 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.
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.