A moving target

As is so often the case with the buy side, latency is in the eye (or trading blotter) of the beholder - how acute an individual manager's need for low-latency tools depends largely on the type of investment strategy carried out, as well as where in the manager's trade process latency issues crop up. In short, achieving low-latency execution means different things to different managers; the need for speed is relative.

We're all familiar with terms such as 'low latency' and 'zero latency' following