What’s faster than light-speed trading? Inside Wall Street’s sketchy early access schemes
Traders are paying for light-speed microwave networks, and still getting beaten to the punch
When information travels too fast for human monitoring, it opens markets up to more predatory deals, operating while regulators are blinded by the speed of the trades. While some traders trust that they’ll arrive first because of high-tech systems, another class are paying for early access or outright leaks, gaming the market in secret.