I have to admit, this amused me - the Daily Mail trying to write about high-frequency trading:
Suspected rogue trader Navinder Sarao lived in his parents' modest home because it gave him a split-second advantage worth millions of pounds, it was claimed yesterday.And yet you'd think that renting a small flat in Slough and paying for Internet access there would have improved his speed advantage; at a cost of about £50K for four years, that would have been a bargain. Why, it's almost as if the Daily Mail journalists had no idea what they were talking about....
His family's semi-detached house in suburban West London is closer to an internet server used by one of the major financial exchanges, giving him a nanosecond advantage over rivals in the City.
Sarao, 36, was dubbed the 'Hound of Hounslow' after it emerged he lived at home with his parents, despite allegedly making £26.7million in just four years of dealing from their home.