Traders turn to lasers (Business updates)

London: In the world of computerised financial trading, every second counts and superfast fibre-optic networks may no longer be quick enough.
Laser beam technology originally developed for the military is being rolled out to shave time off trades.
It will compete with new microwave networks that are increasingly being used by traders.
The company behind it, Anova, said it would be as fast as microwave networks and as reliable as fibre.
“There is more money being poured into this… space than at any time in its history,” said chief executive Mike Persico. The company has formed a joint venture with AOptix, which was founded by two California scientists who developed the laser technology for the US military to improve communication between fighter jets.
Initially the system, which combines lasers and wireless dishes, will be rolled out on short-range US and UK networks.
— BBC