08-10-2018

Flash Boys in Flash(y) Buildings. The Increasing Importance of "Fiber" in Commercial Real Estate

In his NY Times bestseller “Flash Boys” Michael Lewis describes how hedge funds and other investors beat the market by being able to trade faster than competitors (perhaps helped by a bit of insider insight, but that’s an aside, and better described in another great read, Black Edge). The book starts with a detailed narrative on the digging of a trench for a fiber cable between Chicago and New Jersey, to reduce by milliseconds the time it takes for orders to reach the Chicago Mercantile Exchange. Equally impressive are Lewis’ insights into how investors buy buildings or locate servers in buildings closest to the NY Stock Exchange.

Continue reading the full blog here.

Author: Nils Kok