They’ve spent tens of millions tunnelling thru mountains and setting up microwave links so as to cut milliseconds off the communication time between Chicago and New York: it’s to make sure New York traders don’t have too much of an advantage over Chicago traders.
This is ridiculous. It’s a waste of money. Why doesn’t everyone involved just agree to trade once per second or per every tenth of a second. Then everyone in the US, or indeed in the World would be on an equal footing. Or perhaps I’ve missed something.
See here 46 minutes after start.
See here 46 minutes after start.
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