From carrier pigeons to fiber-optic links

Charles Rowley's Blog

Financial markets have moved well beyond Rothschild’s carrier pigeons. The financial centers of New York and Chicago are 700 miles apart. Fiber-optic cables transmit data between them in approximately seven milliseconds. However, that is an eternity in the life of a high-frequency trader. So Spread Networks has invested $300 million building a fiber-optic cable through the Appalachian Mountains. The shorter cable reduces the time taken to transmit data to about one millisecond.

There are limits to this process. The laws of physics suggest that the speed of communication is limited by the speed of light, which takes four milliseconds to travel 700 miles. If such technology had been available, news of Wellington’s victory at Waterloo would have reached London one thousandth of a second after the result was known. A close run thing would then have taken on a quite different meaning.

An interesting question now arises. In the 21st…

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About OyiaBrown

Please send me, as a comment to this page, any old material you have for inclusion in The Daily Joke Alert - to help enable us all to have our fancy tickled regularly! Never mind the state it's in as I tidy everything up prior to publication. Don't let good material go to waste - and so much does. In the interests of the environment we should always try to re-cycle everything, especially jokes. You know that makes sense! You may find some historical stuff here, but this does not really matter as humor is fairly timeless.

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