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Wall Street Buys NATO Towers in Trader Speed-of-Light Quest

An 800-foot microwave tower in a Belgian cow pasture transmitted messages for the U.S. armed forces in 1983 when suicide bombers killed hundreds of military personnel at Marine barracks in Beirut, Lebanon. Now it’s being used by high-frequency traders.

Jump Trading LLC, a Chicago-based company founded by former pit traders, bought the tower last year through a U.K. affiliate called Toren Navo Aansluiting Ltd., according to documents filed in the U.K. and Belgium. The English translation of the name: “NATO connection tower.”