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Anova Financial Networks Featured in The Wall Street Journal: CEO Weighs in on Hollow-Core Fiber for High-Frequency Trading

Anova Financial Network’s was recently included in an article by the Wall Street Journal that details the technology, hollow-core fiber, that is being used by high-frequency traders in an attempt to acquire data and execute stock trades as fast as possible.

For those who may not be familiar, hollow-core fiber is the opposite of solid-core fiber, and is empty, made of glass, and transmits data via beams of light. The use of light makes the transmission of data extremely fast. With a fraction of a second of difference, the importance to high-frequency traders is extreme.

While hollow-core fiber isn’t new, originally introduced in the 1990’s, and technology such as lasers have been and are used by Anova, traders are still left with a fight that boils down to nanoseconds of time; critical for profits and losses.

Mr. Persico stated, “The time increments of these improvements have gotten markedly smaller.”

To read the entire article, click here.

Follow Anova Financial Networks on LinkedIn and Twitter.

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