Makers vs. Takers
Plus: Liability Driven Investment, Mortgage Originators, Credit Suisse
In 2016, an affiliate of high-speed trading firm, Jump Trading, made an unusual purchase: It bought a field in the city of Aurora, Illinois. There, on the side of a brick hut, it mounted a pair of small microwave antennas and pointed them eastwards. Jump’s offices were only 35 miles away, but the antennas reduced its communication time with the Chicago …