Raft Technologies News
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growth-positive
Raft Technologies Speeds Trading - Markets Media
Raft Technologies, a connectivity provider, offers a transatlantic speed advantage using its shortwave technology. The company can transmit trades from Chicago to London in 29.6 milliseconds and Chicago to Frankfurt in 31.4 milliseconds, which is four milliseconds faster than incumbent systems. Raft aims to become a global provider of long-distance connectivity between exchanges and is planning to build a Chicago-Tokyo connection and a New York-London route. The company is currently in the process of completing a funding round managed by Rosenblatt Securities.
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Nasdaq Argues for Dynamic Tick Sizes - Markets Media
Nasdaq has proposed a model called dynamic tick sizing for the equities and options markets to reduce odd-lot issues and simplify market complexity. The model would allot tickers into different price buckets based on their average quote spread, allowing stocks to qualify for tighter spreads based on how they trade. The proposal aims to fix tradability problems in the market. Nasdaq hopes that the industry will consider the proposal seriously.
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