McKay Brothers Sells Minority Stake to HFT Firm IMC

Under the terms of the agreement, IMC will take a minority stake in McKay, providing capital for the vendor to invest in its microwave networks to "reduce latency to the physical limit in its key long-haul routes," officials say. No other financial terms have been disclosed.

"This agreement not only further strengthens our financial position, which will keep us ahead in terms of network speed and reach, and data coverage and quality, but, as importantly, maintains our autonomy," says McKay co