Describing the proposal by US-based high speed traders to erect communications masts in rural Kent as high as London's Shard as "incredibly stupid", Dover District Council rejected applications by Vigilant Global (owned by Chicago-based DRW Trading) and New Line Networks (jointly owned by KCG Holdings of New York and Jump Trading of Chicago), to erect 300m towers close to each other at Sandwich near the English Channel.
Residents and council repesentatives were unanimous in their rejection, arguing they could see no benefit to the local community. They had serious concerns regarding the effect on local infrastructure - beauty spots, traffic, historic monuments etc., and also felt there were possible health issues.
A report by Bloomberg earlier in the year said Vigilant had offered to fund a new guidebook for Sandwich, give money to a local school for a new sound system, and 100,000 GBP for Richborough Roman Fort. Residents remain unimpressed: The phrase "money-market traders filling their greedy boots" has been heard.
The companies can appeal to the UK government. A comment is expected on Friday.