While panelists agreed that in general latency is still an important factor in market data distribution, they questioned whether making large investments in low-latency market data technology still delivers competitive advantage.
"If I can get a millisecond advantage, it's probably still worth $100 million. But the problem is, there isn't really a millisecond to give anymore," said Daniel Penley, trading systems engineer at Chicago proprietary trading firm Spot Trading.
According to Penley, the
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails