Anova uses microwave long haul to wirelessly bridge the major news agency hub in DC and the equity markets at NASDAQ. Our path is only a 2.1KM route deviation from the ‘great circle,’ making it the fastest wireless route on that connection.
Washington DC is the primary hub for news origination in the US, with a host of macro indicators such as housing, consumer price index and unemployment emanating from several providers in the area, notably Bloomberg and Thompson Reuters. As such, some of the information generated in this region moves the markets as a whole; while other aspects move individual stocks or the ETFs (exchange traded funds) they may be a part of.
Low Frequency Trading Boosted by Low Latency Connectivity
While events based trading, such as trading on the news, can be a low frequency trade; using low latency connectivity for such trades can be a winning strategy. News is released once; however decisions and subsequent trades off the news must be executed expeditiously within narrow windows of opportunity. Miss the window and you lose the trade.