Stop the Latency Insanity
THE DALY CLOSE
Most banks currently execute their standard cash equities trades in anywhere from 250 milliseconds to 500 milliseconds, according to a recent report published by consultancy Net2S. For firms looking for arbitrage opportunities, halve those figures.
Vendors and trading venues have begun liber-ally peppering their marketing materials with the prefix "micro-"-and in a few cases, "nano-"-but most firms won't be able to take advantage of sub-millisecond capabilities without a major investment in their
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