Ready, Set, Go West: Chicago-to-Tokyo Trading Is Revving Up
Summary
Go West’s wireless towers and submarine cables shave tiny fractions of a second off the time it takes to beam data between those two major trading cities. The Go West network touches the data center in suburban Chicago where CME Group Inc.’s exchange is based. Many automated trading firms engage in arbitrage, or betting that gaps in the prices of two similar things will disappear. Read more about Go West’s creation “As the demand for data capacity, speed and security increases, Go West extends our network’s geographical reach and offers a new alternative for customers that require ultra-low latency connectivity between North American and Asian markets,” Jonathan Reeve, global head of connectivity and consolidated feeds at ICE Data Services, said in a statement. The deal complements ICE’s acquisition of Atrium, which it bought from Toronto Stock Exchange owner TMX Group Ltd. earlier this year.