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. The company has also said it will use its new equipment for high-frequency trading, and not just high-speed trading.
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.