Turrets Need Not Apply
HARDWARE
Necessity has always been the mother of invention. When the dozen or so traders of the Greenwich, Conn.-based hedge fund AQR Capital wanted to reach their counterparties via ring-down circuits—dedicated telephone circuits that link phones directly, so that the caller needs only to lift the handset or push a single button to reach a counterpart—the fund's IT department expected to spend a lot of money for a state-of-the-art turret.
"When you have to go out and pay $100,000 for a small turret
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