Blink and you'll miss it. In the time it takes to bat your lashes, the Chicago Mercantile Exchange executes and clears 33 electronic trades. That velocity, a trade every 15 milliseconds, can leave anyone who relies solely on eyesight blind to what's happening in the markets. Once guided by hand signals, the Chicago exchanges have pushed their way into the forefront of global finance by mastering speed, routing deals for Connecticut-based hedge funds at a pace equal to Mach 500,000. They are now racing to accelerate trades, attract greater volumes and generate better profit margins.
January 29th 2008
Blink and you'll miss it. In the time it takes to bat your lashes, the Chicago Mercantile Exchange executes and clears 33 electronic trades. That velocity, a trade every 15 milliseconds, can leave anyone who relies solely on eyesight blind to what's happening in the markets. Once guided by hand signals, the Chicago exchanges have pushed their way into the forefront of global finance by mastering speed, routing deals for Connecticut-based hedge funds at a pace equal to Mach 500,000. They are now racing to accelerate trades, attract greater volumes and generate better profit margins.