Jeff Soule, head of market data at ISE, says the Xasax connectivity should be available next month, and will provide sub-millisecond latency between New York-based venues and firms co-located in ISE's datacenter in Jersey City, giving members an edge over their competition.
Xasax will also allow firms to route orders back to other exchanges over its fiber-optic backbone, in a cost-effective package, Soule says. "The cost for us to bring in the bandwidth alone would be thousands of dollars," he sa
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails