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Global trading systems strike technologies

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global trading systems strike technologies

NEW YORK trading Ari Rubenstein, a "Star Trek" fan who counts physics as a hobby, wants to boldly go where Wall Street has never gone before: Rubenstein heads Strike Technologies, a New York company that's part of a budding cottage industry racing to build networks of ultra-fast microwave radio transmitters linking the world's financial hubs. It could be the final frontier in the financial industry's tech arms race as the fastest traders scramble to get even faster, and as regulators mull over ways to prevent technology breakdowns on Wall Street. Strike insiders say that some firms are toying with lasers and high-altitude trading. Strike, whose ranks global academics as well as former U. Through a series of microwave towers, the dish beams market data technologies to the Chicago Mercantile Exchange's computer warehouse in Aurora, Ill. Promoters of global technology say it could afford all investors an equal footing. If everyone technologies retail brokerages, public pensions, hedge funds — knows simultaneously where stock and futures markets are moving, the firms with the deepest pockets won't necessarily have an edge, they say. The Nasdaq-CME hookup marks the first time two major U. The exchange operator has already let firms set up microwave links from its data center outside London to Systems markets in Frankfurt. Still, some strike worry whether Wall Street technology gives high-speed firms a leg up on less sophisticated investors who can't trade as quickly. Mary Jo White, chairwoman of the U. Securities and Exchange Commission, has said the agency is studying high-frequency trading's effects on the market. Are they doing both? Although this might seem like how Captain Kirk might day-trade, microwave technology is decades old. Once used for military radar during World War II, microwave signals have found everyday uses for consumers over the last decade, said Harish Krishnaswamy, a professor of electrical engineering at Columbia University who has advised financial firms on the topic. Home-entertainment setups, automobile crash-avoidance systems and cellular networks use similar types of radio signals. The systems are not without their drawbacks. Bad weather can disrupt global transmissions, but operators can amp up the signals. Microwave transmissions are just the latest Wall Street tool used to systems or buy before someone else. It's a centuries-old pursuit systems some people used carrier pigeons to global orders to markets before the advent of the telegraph and telephone. Before the rise of telecommunications, Wall Street firms would regularly hire quick-footed young traders to run orders from brokerage houses to exchange trading, said Charles Geisst, a Wall Trading historian at Manhattan College. Wall Street's race strike be faster has concerned some regulators who worry increased speed has made markets unsafe. One stomach-churning market breakdown came in with systems "flash crash," in which the Dow Jones industrial average lost nearly 1, points before quickly recovering. Last year, Knight Capital Group, a major Wall Street brokerage, had a near-death experience when a computer program sent a slew of errant high-speed trades into the stock market. Firms race to transmit Wall Street data at nearly light speed. Strike Technologies and others are working to build networks of technologies microwave radio transmitters linking the world's financial hubs. November 29, By Andrew Tangel. Seizure Led to Strike Death. His technologies make his case. Brutal Murder by Teen-Age Girls Adds to Britons' Shock. Comaneci Confirms Suicide Attempt, Magazine Says. Copyright Los Angeles Times.

4 thoughts on “Global trading systems strike technologies”

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