"There is no point having the optimal colo between TSE and NYSE because they have no overlapping hours nor do they have anything that trades on both and is fungible."
There is tremendous overlap amongst various stock exchanges, OTC's, dark pools (12% of US trading), and of course there's Forex which is 24/7.
There is tremendous overlap amongst various stock exchanges, OTC's, dark pools (12% of US trading), and of course there's Forex which is 24/7.