Algorithmic Trading Statistics: Speed Now Measured In Nanoseconds

We have spotted some statistics on high frequency trading before. We spotted this today:

"for example, a firm called Fixnetix developed a microchip that can execute trades in nanoseconds.

The iX-eCute chip is able to process trades in 740 nanoseconds. To put that in context, one nanosecond is a billionth of a second.

In this environment, doing something in "the blink of an eye" is far too slow."

Statistics Source: BBC