Monitoring, Measuring, and Standardizing Latency

Henry Young, TS-Associates

Reduction is the ultimate goal when it comes to latency—and not just reducing latency itself. Traders want to reduce the number of issues surrounding latency as well, from measurement to analysis to co-location.

Latency was a major topic of discussion at the FPL Americas Trading Conference last week, culminating in a study of the soon-to-be-unleashed FIX Inter-Party Latency (FIPL). The FIPL will represent a new standard in the opaque world of latency measurement.

The discussion began with a diff