For Low-Latency Trading, Even as IT Spreads Come Down, Challenges Remain
Chicago is about an 800-mile trek from New York City, whereas the trip from Toronto to New York is only 500 miles. But thanks to new microwave technologies, from a trading perspective, the journey to New York is shorter for Chicago firms than Toronto firms.
That is the nature of low-latency trading, said Sean Kersey, head of quantitative trading solutions at Scotiabank. Speaking during a panel discussion at this year's Toronto Trading Architecture Summit, Kersey noted that these technological
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