Still the Need for Speed

Trading technology

In the financial services industry, not only is the old adage "time is money" as true as ever, but these days it's more that "time costs money." Recent Tabb Group research estimates that reducing the latency of transaction processing to gain a microsecond of improvement costs a firm approximately $250. Reducing latency by 6 milliseconds, then, equates to 6,000 microseconds and a possible cost of $1.5 million.

The price may be high, but firms now realize that the cost of being slow is even

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