Because milliseconds matter in the world of high-frequency trading, the new cables being laid between New Jersey and London will take cable speed from 65 milliseconds to below 60 milliseconds.
Commentator Matt Samelson argues that high-frequency trading shouldn't be vilified as a troublemaker, but seen as a type of trading that maximizes value out of the market and corrects mispricing.
High-frequency trading is creating a ruckus on Wall Street. Marketplace Senior Editor Paddy Hirsch explains what high-frequency trading is and why some people are up in arms about it.
