EVERY microsecond counts in stock trading. The New York Stock Exchange handles a third of the world's stock trading — around 22 billion messages a day. But NYSE Euronext, which operates the exchange, wants it to get even faster.
Slashdot has already noted the construction of a faster transatlatic cable. It seems however that even light is not fast for the casino that is now Wall Street.
"The speed-of-light limitation is getting annoying," Andrew Bach, head of network services at NYSE Euronext, told the European Conference on Optical Communications in Geneva, Switzerland, last week. With global markets currently in turmoil, it might seem a strange time to worry about the speed of trades, particularly when automated trading was implicated in the stock market's May 2010 "flash crash". But traders still want their computers to receive trading data and place orders instantaneously. And customers will go elsewhere if a rival is faster.
Send in the neutrinos!!"
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