Information Transmission Between Financial Markets in Chicago and New York · HackerPapers discussions

Information Transmission Between Financial Markets in Chicago and New York — mentioned by IndexicalDemon

Wed, 09 May 2018 15:31:05 GMT

The crucial information is up and down ticks of the ES-mini futures at the Chicago Mercantile Exchange. These lead the S&P500 (SPY) index funding in NYC (by 4 milliseconds), and the ES-mini ticks up and down about once per second. This few bits of information carries huge value since much of the world's equity market responds to it. See https://arxiv.org/abs/1302.5966

Paper and discussion history. A mention is not an endorsement.

Information Transmission Between Financial Markets in Chicago and New York — mentioned by mshook

Sun, 21 Jan 2018 01:09:28 GMT

That's why companies doing HFT or stock exchanges often use microwave links... Just to crank it to eleven err to gain that 30% back. Information Transmission Between Financial Markets in Chicago and New York: https://arxiv.org/pdf/1302.5966v1.pdf Time is money when it comes to microwaves: https://www.ft.com/content/2bf37898-b775-11e2-841e-00144feab... Trading Fortunes Depend on a Mysterious Antenna in an Empty Field: https://www.bloomberg.com/news/articles/2017-05-12/mysteriou... https://arstechnica.com/information-technology/2016/11/priva...

Paper and discussion history. A mention is not an endorsement.

Information Transmission Between Financial Markets in Chicago and New York — mentioned by dredmorbius

Mon, 01 Sep 2014 23:31:58 GMT

That's a great one. Related are the faster-than-light stock-exchange trading orders of the past few years. Some trades were originating out of Chicago for NY exchanges which, based on release timing of information, would have had to travel faster than light. Truth being that there's early access being offered some traders. http://www.theverge.com/2013/10/3/4798542/whats-faster-than-... http://arxiv.org/pdf/1302.5966v1.pdf

Paper and discussion history. A mention is not an endorsement.

Information Transmission Between Financial Markets in Chicago and New York — HN submission

Sat, 02 Mar 2013 14:52:56 GMT

The cost of high frequency trading infrastructure between NY and Chicago

2 points; 0 discussion replies on HN. Paper and source history. A submission is not an endorsement.