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Ian Monroe
63mm 22.11 - 10.12.14 A 'slice' of a Canary Wharf office tower 63mm wide and four stories high including Glass windows, printers, LCD flat screens, office chairs, desks, lighting fixtures, iPhones--everything that would be found in 63mm of the building is sliced down, bisected and cut short. During the market bubble of the early 2000's world markets ceased to be run by humans and instead computers began making independent financial decisions. These decisions are measured in picoseconds (one Trillionth of a second). Banks began to suspect that if you were in Chicago for example, you were at a disadvantage to being in New York because of the time taken to complete a trade takes longer because light has to travel farther to get to The New York Stock Exchange. It therefore became clear that, time not only equals money, but so does distance. A new explosive property bubble expanded in properties immediately surrounding trading floors and banks competed for the closet locations. Around 2004, the shortest possible time taken to request and execute a trade took about 210 picoseconds of back and forth communication between a computer at a bank, and the main frames at the trading floors of the major global financial markets. This is equal to 63mm at the sped of light. |