This Heat Wave's So Bad It's Even Slowing Down U.S. Stock Trades
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The swampy heat wave pummeling the New York City area is slowing everybody down -- and high-speed traders are no exception.
High humidity is impeding radio transmissions Tuesday among three New Jersey data centers where U.S. stocks trade, according to a note Nasdaq Inc. sent customers. It’s taking about 8 microseconds longer to send information from Nasdaq’s facility in Carteret to the New York Stock Exchange data center in Mahwah, and an extra 2 microseconds to send data to Cboe Global Markets Inc.’s exchange in Secaucus.