Wed, 30 May 2012 05:43:07 GMT - High Frequency Trading Review
CARTERET, N.J.—A cellphone tower here, standing next to an abandoned bus that still says it's bound for Richmond, has become one of the hottest properties in global finance.
Trading firms, angling for even a split-second advantage over rivals, are rushing to build chains of microwave dishes to provide higher-speed links between financial markets in Chicago and New York.
Much of the new, ultrafast telecom traffic will have to pass through this industrial area just outside New York, home to oil-storage facilities, scrap yards and the warehouse of computer servers running the Nasdaq OMX stock market.
