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ON BALANCE

Latency is shaping up to be one of the hottest topics of the year.

'We know,' you say. 'Volumes are rising, blah, blah, blah.'

But it's not that simple. Latency is actually quite a complex issue with many factors to consider.

Certainly, rising volume is a major element. As previously discussed in Inside Market Data, data volume increased 34-fold between mid-1997 and February 2004 (IMD, April 19). Experts predict that the 100 percent annual growth rate will continue, leading to a high of 62,00