In the world of high-frequency trading, where being ahead of the competition by a few milliseconds can mean profits worth millions of dollars, finance firms are increasingly looking to decades-old microwave technologies for a competitive edge.
Such firms are finding that wireless microwave technology, despite being in use for more than half a century, can deliver data a few milliseconds faster than fiber-optic cable. As a result, the once-stagnant industry of microwave communications is finding itself in an “arms race” among vendors of new competitive offerings, said Mike Persico, CEO of financial exchange service provider Anova Technologies. Read full article.
