Sonnenberg: HFT firm invested millions in NY-to-Chicago microwave links to cut microseconds
Nick Sonnenberg · He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp · Jan 28, 2016 · at 2:40
Calvin App founder Nick Sonnenberg describes the infrastructure investments made during his quantitative trading career to reduce transmission latency.
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“We were like, You know, investing tons of millions and millions in like microwave technology to submit packets or to ship from New York to Chicago to save literally microseconds.”
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Sonnenberg traded $5B to $10B in US stocks on certain days
“I mean, I traded for eight years, and I mean, especially in the US, which is a very liquid market, I mean, some days I would trade, ah, you know, ah, five to ten billion dollars worth of, ah, of stock, so.”
Sonnenberg earned seven figures by age 25 in high-frequency trading
“I was making seven figures when I was 25, 26.”
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“I've put in 200,000 dollars and we've raised like from friends and family another 200,000.”
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“No, we're looking to raise less. I mean, we're looking to raise around 750.”