The effects of high drawing speeds on parameters of holey fibers are presented. A holey fiber preform structure was made by using tube-in-tube method and was drawn at high speeds with an aim of mass production to meet the demand of next generation communication systems. Transmission parameters such as numerical aperture and normalized frequency of the fabricated holey fibers have been measured and compared with theoretical values based on effective index method. Although the fabricated holey fibers were not of high quality, the analyses of the parameters have shown promising outlook for fabrication of such fibers.