Speed-of-Light Trading Grows in Europe With McKay Network
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European trading is poised for an upgrade.
McKay Brothers International, a Geneva-based provider of networks for trading firms, plans to activate a microwave data link covering the 370 miles (600 kilometers) between Basildon on the outskirts of London, where markets including Intercontinental Exchange Inc. house computers, and Frankfurt, another financial center where Eurex is based. The goal is to migrate McKay’s Quincy Extreme Data service from a third-party system onto the company’s own wireless network.