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December 17, 2015

McKay Brothers Completes UK Wireless Data Network

McKay Brothers Completes UK Wireless Data Network Inside Market Data Joanne Faulkner  17 Dec 2015 McKay is claming to have the lowest-known latency between key datacenters in and around London. The POP, which is adjacent to the London Stock Exchange, connects datacenters serving major UK equities, interest rate and foreign exchange matching engines at the lowest latency, officials say, claiming roundtrip latency from the Equinix LD4 datacenter in Slough to McKay’s Central London POP of […]
August 3, 2015

For His Next Trick, Barefoot Genius Aims to End Broker Rip-Offs

For His Next Trick, Barefoot Genius Aims to End Broker Rip-Offs Bloomberg Ryan Hoerger and John Detrixhe August 3, 2015, 4:00 PM PDT Updated on August 4, 2015, 4:00 AM PDT The man who helped revolutionize high-frequency trading greets guests to his Paris office in his bare feet. “I apologize for not dressing up,” said Stephane Tyc, 54, whose scheme to send trade data via microwave towers in the U.S. and Europe has paid off for his […]
June 1, 2015

OPINION: How to Measure Best Execution?

OPINION: How to Measure Best Execution? 06.01.2015 By Terry Flanagan In the latest issue of the London Review of Books, a sociology teacher at the University of Edinburgh manages to successfully explain the history of dark pools to a general audience. In his article “Dark Markets”, Donald MacKenzie, who has been supported by the European Research Council to look into automated trading, goes right back to Instinet setting up the Crossing Network in 1986 and […]
July 22, 2013

‘Democratizing’ Low Latency 

Banks ‘Democratizing’ Low Latency Markets Media 07.22.2013 By Terry Flanagan While technology has enabled trade latency to near zero, not all market participants have the opportunity to achieve the fastest possible order and data transmission. The owners of Quincy Data and its co-owned, separately run network company McKay Brothers hope to level the playing field. “Trying to bring a technology that only the best proprietary-trading firms have to firms that execute on behalf of clients […]
August 3, 2012

Raging Bulls: How Wall Street Got Addicted to Light-Speed Trading

Raging Bulls: How Wall Street Got Addicted to Light-Speed Trading Wired Editor’s note: One of the most interesting things about the catastrophe at Knight Capital Group—the trading firm that lost $440 million this week—is the speed of the collapse. News reports describe the bulk of the bad trades happening in less than an hour, a computer-driven descent that has the financial community once again asking if its pursuit of profits has led to software agents that are […]
April 12, 2012

The Microsecond Market

The Microsecond Market The Microsecond Market Sophisticated technology now drives global financial trading to extremes of time and space IEEE Spectrum By David Schneider Since money first came into existence, some people have made gobs of it by having particularly timely access to important news. Perhaps the most notorious examples of this phenomenon took place during the first half of the last century in many U.S. cities. Here it was organized crime that profited immensely, and the […]
February 10, 2012

Wall Street gains an edge by trading over microwaves

Wall Street gains an edge by trading over microwaves GigaOM Wall Street gains an edge by trading over microwaves KEVIN FITCHARD FEB 10, 2012 – 10:42 AM CST McKay Brothers, a firm that sells high capacity links to trading firms, is connecting the financial districts of New York City and Chicago with a new network that aims to execute the fastest trades in the country. This new network, however, won’t be built on private fiber lines. […]
February 9, 2012

Aviat Networks’ Ultra Low-Latency Microwave Accelerates High-Frequency Trading

Aviat Networks’ Ultra Low-Latency Microwave Accelerates High-Frequency Trading Aviat Networks Press Release SANTA CLARA, Calif., Feb. 9, 2012 /PRNewswire/ — Aviat Networks, Inc. (NASDAQ: AVNW), a leading expert in microwave networking solutions, announced today that it has reached an agreement with McKay Brothers, LLC, a leading provider of low-latency private carrier services to High-Frequency Trading (HFT) firms, to deliver low-latency wireless transport equipment and services for McKay Brothers’ microwave network connecting Chicago and New York City financial centers. The Aviat Networks solution is based on the […]