The "arms race" in financial markets is defined by the speed of light. Current microwave tower links between Chicago and New York (the CME-NYSE route) achieve ~4.13 milliseconds. However, the internal processing time within a Field-Programmable Gate Array (FPGA) remains a bottleneck (~100 nanoseconds). Photon Trading proposes eliminating the electron-to-photon conversion bottleneck entirely. By maintaining the signal in the optical domain from the market data feed to the order entry gateway, we can approach the physical limit of information transfer: the speed of light in a vacuum.
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