Business Transformation
17.1K views | +0 today
 
Scooped by Karl Wabst
onto Business Transformation
Scoop.it!

High-Speed Stock Traders Turn to Laser Beams

High-Speed Stock Traders Turn to Laser Beams | Business Transformation | Scoop.it

Anova Technologies is one of the companies aiming to link stock-market data center by laser. Anova's CEO Michael Persico joins MoneyBeat to discuss the race to shave off nanoseconds in trading information.

Karl Wabst's insight:

High-frequency trading firms account for about 50% of U.S. stock trading. Nanoseconds (billionths of a second) are enough to separate profit and loss in algorithm-driven trades.

 

The Internet is too slow. The ROI is high enough to make building a private network cost-effective. Will the speed of computerized trading make people on trading floors obsolete? 

more...
No comment yet.
Business Transformation
Corporate & Business Strategy Planning / Execution. Want to know more? Visit me on LinkedIn: www.linkedin.com/in/karlwabst/
Curated by Karl Wabst