For Low-Latency Trading, Even as IT Spreads Come Down, Challenges Remain

totas-2014-11-am-panel
Dr. Jay Muthuswamy (left) moderated the panel on low-latency trading

Chicago is about an 800-mile trek from New York City, whereas the trip from Toronto to New York is only 500 miles. But thanks to new microwave technologies, from a trading perspective, the journey to New York is shorter for Chicago firms than Toronto firms. That is the nature of low-latency trading, said Sean Kersey, head of quantitative trading solutions at Scotiabank. Speaking during a panel discussion at this year's Toronto Trading Architecture Summit, Kersey noted that these technological