Citi Slashes FX Trading Latency with Velocity 2.0

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Citi estimates that its new platform is one of the fastest, by comparison to Velocity 1.9 and industry benchmarks for speed.

The human response time, on average, is about 215 milliseconds to register stimuli. That becomes the primary limiting factor in terms of how fast a person can manually trade on Velocity 2.0, Citi's high-speed foreign exchange (FX) trading platform. Citi’s current high-frequency trading and information platform, version 1.9, has been around for 18 months, and the bank began working on Velocity 2.0 a year ago, according to Anil Prasad, global head of FX and local markets. “This is n