They play the delta between the two exchanges and take advantage of the lower latency of microwave vs fiber.

bp
<part15sbs{at}gmail{dot}com>

On 11/27/2020 10:20 PM, Matt Hoppes wrote:
I was talking with someone last week about all the High Frequency Trader 
microwave links going up in our area.

Never thought twice about it until then.

Why are they building these microwave and fiber networks to the NYSE rather 
than just moving their operations center closer to NY?

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