Author Topic: NSN #4  (Read 851 times)

Offline NekoBot

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NSN #4
« on: April 30, 2012, 03:00:47 PM »
LEAD STORY -- You Snooze (Even for a Split-Second), You Lose
In April, a research ship will begin surveying the Atlantic Ocean floor off of Nova Scotia as the first step to building, by 2013, a $300 million private fiber-optic line connecting New York and London financial markets so as to speed up current transmission times -- by about five milliseconds. Those five milliseconds, though (according to an April report in Bloomberg Business Week), will enable the small group of firms that are underwriting the project (and who will have exclusive use of it) to earn millions of dollars per transaction by having their trade sales arrive five milliseconds before their competitors' sales would have arrived. [Bloomberg Business Week, 4-2-2012] 
« Last Edit: April 30, 2012, 06:30:11 PM by NekoBot » »


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