The Gazillion-Dollar Standoff over Two High-Frequency Trading Towers

In a bid to end the gamesmanship, CyrusOne Inc., the Dallas company that owns the CME center, last year erected a 350-foot-tall wireless tower next to the building, closer than any trading firm could otherwise get. But the CyrusOne tower stands unused, partly because a smaller company, Scientel Solutions LLC, said it planned to build its own tower about 1,000 feet east, which CyrusOne says would obstruct communication to and from the data center. The Aurora City Council approved the CyrusOne tower, then turned Scientel away at CyrusOne’s behest, then flip-flopped and approved the Scientel tower, which sent CyrusOne’s lawyers running to the federal courthouse in Chicago, where the case has ground on for more than a year.

Source: www.bloombergquint.com