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$300M to save 6 milliseconds?

whoever57 (658626) writes | more than 2 years ago

The Internet 0

whoever57 (658626) writes "A new transatlantic cable (the first in 10 years) is going to be laid at the cost of $300M. The reason? To shave 6ms off the time time to transmit packets from London to New York. The Hibernian Express will reduce the transit time of 65 milliseconds by a mere 6 ms, however the investors believe that the financial community will be lining up to pay premium rates to use the new cable. The article suggests that a a one millisecond advantage could be worth $100M per year to a large hedge fund."
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