Stock exchange data centers possibly moving to Texas?
Just read an article on how stock exchange data centers might relocate to Texas from NJ. If they relocate, will banks have to set up trading desks in Texas in order to get faster speeds and stay competitive? Will this have an impact on the banking/trading landscape in NY?
Of course it fucking will. Jesus Christ when will people learn that you get what you vote for? NY/NJ are becoming shitholes because of these proposed taxes, hemorrhaging business and people by the day.
Then, move to Mississippi. Enjoy.
Actually ny and california have a huge % of people moving red states such as Texas and North Carolina. Wonder why....
Coming from a guy who made an account just for the election and seemingly doesn't work in industry.
I'll be sure to keep your opinion in my pocket in case I need it.
Never trust a man with two first names.
You've been a real letdown for my fantasy team this year, Michael Thomas
No, this is just about moving the SERVERS to another state...there are no "traders" in NJ...just remote data centers.
HFT firms might setup new servers in Texas (or wherever the stock exchanges move their servers to)...but no people will be required to move...because the HFT servers are running algos, and not operated by a human on a daily basis. Expect microwave laser towers to be setup between wherever the new servers are and Chicago, NJ, NY so they can all talk to each other at high speed...but still no "people" need to move.
Would probably be good if they did move though. NJ/NY are anti business.
Pacific stock exchange is an equinox gym. Soon nyse will be an equinox gym while the pacific stock exchange will be the next museum of ice cream.
You're smoking crack. The NYSE floor has too much value as a TV set and keeping the oldsters happy. I've evaluated our exchange fees. If I could pull us off NYSE ARCA I would.
As latency issues become less and less of a barrier, data center companies will have lesser reason to have a physical proximity to exchanges given a lot of the advantage from that proximity currently arises from having a physical wire connection to the appropriate institutions. So no, I don't think this will directly impact the finance landscape materially when the technology becomes viable
Dude, do you know what you're talking about? Latency arises from THE SPEED OF LIGHT. This isn't the wifi at mom's place, this is the ability to buy FCOJ on the NYMEX and simultaneously sell it on CME or CBOE for a penny more a millisecond before the next guy. If your fiber-optic cable goes through Cleveland or around it matters. The speed of your servers matter.
Do we have anybody from Jane Street, Virtu, SIG, or GTS (Formerly Cantor) on here to expand? I know enough, but I also know enough to know that I'm probably not the expert on this on the forum.
Honestly man, I know that this isn't a domestic wifi vs an executable trade between a fin institution and a counterparty. I phrased what I said poorly so what I meant to say was that given the current proximity with an actual hard connection makes a difference in exchange speeds, a lot of focus from large data center providers such as Digital Realty and Equinix is focused more on not relying on that physical proximity but currently finding a solution which doesn't rely so much on the actual cable itself. Having worked in the data center industry for a little bit I know that was a core focus in order to allow for more flexibility in actual data center location whether it was between Secaucus and NYC or Hong Kong and SF. By no means am I looking to come across as an expert so if anyone can chime in with corroborating facts or otherwise, please do.
Considering every trader will be replaced by the Trade Bot 9000, I don’t really think this matters
Lol says the guy in PE.
Modern day traders are the ones building those Trade Bot 9000
Watching the west and northeast slowly kill themselves economically by voting in socialists is kind of funny. I have 0 sympathy for the supposed "knowledge centers" of the country voting for policies that have been proven time and again not to work and then proceed to suffer because of it. Red states should draft up some sort of legislation preventing movers from CA/NY/NJ/etc from being allowed to register to vote in local elections for at least a year or more so they have to get used to and learn to appreciate the freedoms the "other" side of voting gets you.
You can exercise your freedom/rights by moving to a red state. At least in a red state, you will surrounded by like minded people. I am going to stay in the north east, which happens to have the world's financial center.
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