IMD: What is now considered an acceptable level for "low-latency" data?
O'Ryan: We're now seeing that internal latencies for market data distribution need to be less than one millisecond. External latencies are essentially limited by the speed of light. This is why co-location speeds, meaning sub-milliseconds, are so important.
IMD: So-called "fat-finger" errors that result in large losses are widely reported. What similar examples are there of firms that have lost money (or potential trades)
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
- Bloomberg’s Chat Gambit: The Feint Before a Knockout?
- Waters Wavelength Podcast Episode 96: CAT Concerns & Big Tech Takes Aim at Asset Managers
- WatersTechnology Innovation Summit Q&A: Elly Hardwick, Deutsche Bank
- In Capital Markets, Blockchain's Evolution Has Left the Bitcoin Model Behind
- Gardening, Uber & Culture: Takeaways from this year's WatersTechnology Innovation Summit