"Proximity" Is The Watchword for today's capital markets technology. Many organizations are hosting their trading algorithms as close as possible to securities exchanges - often in the exchanges' own colocation centers. The goal is to accelerate automated trades by reducing communication distance. Though the practice can sound far-fetched, given the speed of data packets traveling over fiber optic cables, it speaks volumes about the time scale of today's buying and selling and the competitive advantage of shaving microseconds from the trade cycle.
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