From a quick Google I see that HFT carries out trades in an average of 700ns, which is close to the cycle time of a 150kHz carrier, so you'd have to come up with some really clever phase modulation scheme that could carry meaningful data in *one single cycle*.
You're definitely going down the SDR route for that.
alt Hacker News
That'd be quite a challenge!
From a quick Google I see that HFT carries out trades in an average of 700ns, which is close to the cycle time of a 150kHz carrier, so you'd have to come up with some really clever phase modulation scheme that could carry meaningful data in *one single cycle*.
You're definitely going down the SDR route for that.