About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

A Low-Latency Network For Less – Is Crowdfunding an Answer?

Subscribe to our newsletter

Newark, NJ startup Low Latency Group is recruiting trading firms to fund development of a hybrid microwave and fibre network, using a crowdfunding model that could appeal to smaller operations that are looking for lowest latency but at a lower cost.

True, the $5 million that the group is seeking – from just eight firms – isn’t your average Kickstarter.com crowdfunded music project, but there are some similarities – most notable being that the funds advanced will not be tapped until the total spend is covered and build out is set to begin.

According to the group’s web site: “We are forming a coalition of smaller firms to construct a private network. High Speed Traders need light speed but in reality they do not move large amounts of data compared to the capability of a private microwave network.”

Microwave will be used where possible since it is faster than fibre. And eight is the goal for participants because it is estimated that there will not be a performance impact on any one, given the bandwidth that will be deployed. 

The initial focus for the network will be connectivity from NY-area equities markets to currency and options hubs in Chicago, and also delivery of economic news from Washington, DC to those markets.

The design and build out of the network will be led by the Low Latency Group’s engineers, and the group will also provide ongoing maintenance, for a monthly fee.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Optimising cloud, marketplaces & managed data services

Financial institutions are under mounting pressure to rethink how they source, manage and distribute market data. Rising data volumes, multi-cloud adoption and the operational demands of regulations such as DORA are exposing the limits of legacy infrastructure, and driving firms toward managed services and cloud-native delivery models that can offer greater scalability, resilience and cost...

BLOG

London Stock Exchange to Launch 24/5 Venue LSE 24, Built Around Agentic Trading

London Stock Exchange has announced plans for LSE 24, a 24/5 trading venue designed for digital, algorithmic and agentic trading, with client testing due by the end of 2026 and Exchange Traded Products (ETPs) as the first asset class in H1 2027, subject to regulatory approval. The venue will run near-continuously from Monday to Friday...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Entity Data Management & the LEI

Just over a year since the Financial Stability Board handed over leadership and direction of the interim Global Legal Entity Identifier System – or GLEIS – to the Regulatory Oversight Committee (ROC) of the LEI the entity identifier is being used for reporting under European Market Infrastructure Regulation. This report discusses recent developments in the...