New York firm faces China investigation over $17M advanced trading hardware smuggling — accused of installing customized processors and networking hardware at Shanghai Futures Exchange

October 1, 2025

, By Tom’s Hardware

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Tower Research Capital, a New York-based high-frequency trading (HFT) firm, is under fire by Chinese authorities for allegedly smuggling high-tech hardware into the country for the purpose of using it in the Shanghai Futures Exchange (SHFE). The report comes by way of Financial Times, which notes the Chinese customs authorities are determining whether Tower installed illicit “customized processors and networking hardware” that didn’t match its customs declaration.

Tower allegedly brought in $17 million…

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New York firm faces China investigation over $17M advanced trading hardware smuggling — accused of installing customized processors and networking hardware at Shanghai Futures Exchange

October 1, 2025

, Published By Tom’s Hardware

Tower Research Capital, a New York-based high-frequency trading (HFT) firm, is under fire by Chinese authorities for allegedly smuggling high-tech hardware into the country for the purpose of using it in the Shanghai Futures Exchange (SHFE). The report comes by way of Financial Times, which notes the Chinese customs authorities are determining whether Tower installed illicit “customized processors and networking hardware” that didn’t match its customs declaration.

Tower allegedly brought in $17 million…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Dodo’s just hatched a ripper deal on its NBN 500 plan — now the cheapest of the lot at just AU$63p/m

Next News

HP ZBook Ultra G1a 14 Review: A New Twist on the Compact Workstation

Tom’s Hardware

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