Laser beams and microwave dishes are the latest weapons in an arms race to shave milliseconds off dealing times in the shadowy world of high speed, computerized financial trading. Traders, who make money by exploiting tiny, lightning-fast price changes on exchanges are now targeting Europe and Asia after skirmishing in the U.S. The first microwave connections between London and Frankfurt have been launched, cutting the time to send a trade by about 40 percent compared with fiber optic cables. http://www.cnbc.com/id/100695563
James F. Booth
For more than 25 years, James Booth has provided consulting and legal services to telecommunications carriers and to enterprise companies that manage their own telecommunications networks. Since June of 2009 he has also served as General Counsel of Spread Networks, LLC, which is the industry leader in the construction and operation of low latency high speed networks. Before joining Spread he was General Counsel for OnFiber Communications, a competitive telecommunications provider, and was the sole attorney for Qwest Communications International in support of its construction of an 18,800 mile fiber optic network spanning the United States. Earlier he was lead counsel for U S WEST in its wireless and cable television ventures in the United States, Europe and Hong Kong.