High-speed traders are angry over planned NYSE towers designed to shave milliseconds off trades
High-frequency traders are lashing out over the New York Stock Exchange's new pair of antennas meant to help boost trading speeds for its computer systems. Virtu Financial, a high-frequency trading shop, told the Wall Street Journal that it expects the NYSE's to charge lofty fees in order to access the antennas. High-frequency traders need access to the fastest possible network connection in order to execute trades as quickly as possible.
High-frequency traders are lashing out over the New York Stock Exchange's new pair of antennas meant to help boost trading speeds for its computer systems. Virtu Financial, a high-frequency trading shop, told the Wall Street Journal that it expects the NYSE's to charge lofty fees in order to access the antennas. High-frequency traders need access to the fastest possible network connection in order to execute trades as quickly as possible.
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