Earlier this year some information on so called Project Express, $300 million transatlantic fiber-optic line between New York and London, had appeared. This line will allow high-speed traders to execute orders in 59.6 milliseconds, and today the best time that can be achieved is about 64 milliseconds. Project Express should be finished by 2013.However, it seems that a small company called Perseus Telecom have already found a way to reduce time to less than 60 milliseconds. Instead of building a new cable, Perseus Telecom has chosen to modify FLAG Atlantic-1 North cable. And it looks like the competition is far from over, as it is possible to reduce the time to 40 milliseconds, or even less if someone would choose to drill through the surface of the Earth rather than to run cable along the ocean's bottom. Soon we'll see.
Businessweek:
High-Speed Trading: My Laser Is Faster Than Your Laser (Perseus Telecom story)
Stock Trading Is About to Get 5.2 Milliseconds Faster (about Project Express)
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