As the time from an input being processed to the corresponding output emerging approaches zero, low-latency trading approaches real-time trading. Only recently, latency was measured in three digits-typically from 250 to 500 milliseconds.
Today, latency is measured in one or two digits. But, as latency approaches zero, the speed of light becomes important. For data to complete a 150 km roundtrip takes a minimum of one millisecond. Thus, trading competition is a race for speed and proximity. In Lo
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails