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Thanks for the thorough explanation!

Regarding the sea cable length: the continent argument is what I was referring to before. I don't think it's valid as most data flows US<->Asia or US<->Europe. And in both cases the ways are nearly direct. Only Europe<->East Asia has a major detour but I don't know if that warrants a global satellite system. One could still put a cable through russia (actually wondering why that doesn't exist for algo traders, connecting HK and London directly).



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