This is ridiculous. Market authorities should disallow sub-centisecond trades, and allocate the trades that fall on the same centisecond at random. That would save a lot of people a lot of time and money...
First hand reports from a few years ago: <a href="https://news.ycombinator.com/from?site=sniperinmahwah.wordpress.com" rel="nofollow">https://news.ycombinator.com/from?site=sniperinmahwah.wordpr...</a>
On a broader perspective this is so stupid. Allocate space inside the DC itself and rent it out to trading firms if that's the case, even more money to be made!
I remember reading about the european version of this trading tech last year: <a href="https://arstechnica.com/information-technology/2016/11/private-microwave-networks-financial-hft/" rel="nofollow">https://arstechnica.com/information-technology/2016/11/priva...</a><p>Pretty cool but crazy at the same time.