Traders Plan Supercharged Chicago-to-Tokyo Network
- Go West venture would use wireless, fiber and undersea cable
- IMC, Jump Trading, Virtu are among firms involved in Go West
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Some of the world’s top trading firms have agreed to build a faster data transmission network between Chicago and Tokyo, according to a person familiar with the matter, a move that would accelerate trading between two of the major centers of finance.
The roster of firms in the joint venture -- dubbed Go West -- includes IMC, Jump Trading, KCG Holdings, Optiver, Tower Research, DRW’s Vigilant division, Virtu Financial and XR Trading, according to the person, who asked not to be identified because the agreement is private. A representative for the group declined to comment.