Too add, GS, UBS, MS, Pershing(largerst US security clearing firm ) and others have orders executed out of Jersey City, Hoboken or Weehaken becausec of greater and more capable it and fiber optics. A half a second can be a difference maker by 1-1.5 percent return on large volume trading.. A good spread is usually between 70 to 160 basis points. High doped routing can add 20 basis points. That’s huge in relevancy.
Technology is a difference maker. The old NY building don’t have the tech like Jersey city due to age.
Note "date"