High Speed Stock Tickers to Ease Record Market Days (Jun, 1930)
And now this tech has progressed to the point where the limiting factor is the speed of light.
High Speed Stock Tickers to Ease Record Market Days
THE Western Union is spending $4,500,000 in an effort to speed up stock quotation service. The task is the largest in quotation service history and is the culmination of three years of labor, six months’ training of personnel in schools
of five cities, the construction of 5,000 city to city wiring and circuit channels in 350 cities and towns in the North American continent. High speed tickers have been ordered at a cost of $2,500,000 to be rented to brokers in the United States.