Panel: Time is Money

One of the biggest obstacles to the development of low-latency data services in Asia is an inability to fully measure latency, because not all exchanges provide timestamps on data messages, according to participants on one panel last week.

Without timestamps, it is difficult to measure where delays occur, said Tomohiro Toyota, executive director at Morgan Stanley in Japan. “I can only provide clients with the average latency from us to them, but I can’t tell [the speed of data coming] from th