Standardizing the Latency Arms Race
High-speed trading and latency go hand in hand. An industry cooperative, the FPL—responsible for the FIX Protocol—is now busy hammering out a standard, transparent way to measure latency, and the first release of a protocol is imminent. By James Rundle
As regulations such as Dodd–Frank and the review of the Markets in Financial Instruments Directive (Mifid II) take effect, it's easy to get caught up in which rules are being proposed, obfuscating issues like definition and accurate measurement
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