Euronext microwave link aims to cut HFT advantage in Europe
Exchange plans to level playing field between prop firms and banks in cash equities with cutting edge tech.
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Euronext is planning to partner with a low-latency telecoms provider to launch a high-speed microwave connection for banks between London and its main data center in Italy, according to three sources familiar with the project.
Dealers currently struggle to compete with high-frequency trading firms (HFTs) that gain a latency advantage from microwave technology when trading European cash equities between London-based dark pools and Euronext’s exchanges.
A bank source that has heard Euronext’s pitch
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