Tag: low latency

TABB Says Long-Distance, Low-Latency Networking Increasingly Critical To Trading (TABB Group)

This is the PR on my latest two reports on optical networking and its role in financial services.  Also check out the executive summary here. North American Financial-Services Firms to Spend $2.2 Billion in 2010 on Connectivity Two New Research Reports Reveal the Dividing Line between Data-Center and Optical Networking for Capital Markets is Seen […]

The Low-Latency Imperative: How Fast Is Fast Enough? (WS&T)

Good article talking about what latency really is and what to think about when trying to measure true end-to-end latency in the trading process.  I think for the top end of the market the only way to reduce latency further is through hardware.  My quote: When evaluating latency, it’s vital to consider all of the […]

Managers seek low latency trading venues (Financial News)

Its not new news that exchanges are increasingly touting the low latency of their infrastructure as a reason to trade with them.  This article has a few good stats as to what low latency actually is: Kevin McPartland, senior analyst at financial markets research firm Tabb Group, said: “Top US equity exchanges are matching orders […]

Wall Street’s Tech War (The Record)

From the Sunday edition of The Record, a interesting article focusing on the move of “Wall Street” to New Jersey.  The vast majority of US equity order matching actually goes on somewhere in NJ, regardless of where the exchange itself is officially incorporated.  If it wasn’t for the relatively small bit of trading that happens […]

Trading Services Focus On Low Delay, Lower Cost Connections (MarketWatch)

Reducing latency is critical for those in the ultra-low latency high frequency trading game; but the number of firms that fit that category isrelatively small.  DirectEdge has a new offering that it hopes will appeal to the entire spectrum of latency sensitivity. “It’s a little bit of a misconception that high-frequency firms will pay anything […]

Packing a Stock Exchange into a Box (Securities Industry News)

Not only does everyone on Wall Street need faster servers, but they need them to also take up less space and less power.  No small order.  This story discusses where “exchange in a box” is feasible. The amount of market data is growing at the rate of 100 percent … every year, notes Kevin McPartland, […]

Information Management – Getting the Message: Middleware Matters

In a study released earlier this month, “U.S. Equity Technology 2010: The Sell Side Perspective,” Tabb Group senior analyst Kevin McPartland noted that all bulge bracket firms are “currently either using some form of hardware acceleration or are investigating its use.” “Third-party middleware products have reached a level of sophistication that the cost required to […]

Latency Transparency and the SEC: Interesting but not Relevant

Almost everyone agrees on one thing regarding financial reform – the need for more transparency.  Price transparency, market transparency and open position transparency have been talked about quite a bit.  But within the SEC’s recent equity market structure concept document they’ve brought into focus a new one: “latency transparency”. Full Perspective Here

Wall Street Letter – Equities Trading Industry Tackles Latency Measurement

The demand for a latency standard has increased with the rise in high-frequency trading, higher trading volumes and more volatility. Latency has been reduced in some cases to microseconds, which makes measurement difficult, said Kevin McPartland, an analyst with the TABB Group. The recent proliferation of data types means that a trader must use multiple […]