2
Market and Fundamental Data â Sources and Techniques
Data has always been an essential driver of trading, and traders have long made efforts to gain an advantage from access to superior information. These efforts date back at least to the rumors that the House of Rothschild benefited handsomely from bond purchases upon advance news about the British victory at Waterloo, which was carried by pigeons across the channel.
Today, investments in faster data access take the shape of the Go West consortium of leading high-frequency trading (HFT) firms that connects the Chicago Mercantile Exchange (CME) with Tokyo. The round-trip latency between the CME and the BATS (Better Alternative Trading System) exchanges in New York has dropped to close to ...
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