April 29, 2010
Buy-side firms are faced with the constant challenge of how to reduce their execution costs when trading the equities markets. Not just the explicit costs (made up of commissions, exchange fees and bid/ask spreads), but also the whole gamut of implicit costs (made up of things like: latency, i.e. the delay between an order being submitted and it being executed; the impact that an order, particularly a large order, can have when it hits the market; and various opportunity costs).
April 22, 2010
We were interested to read in our high frequency trading news feed earlier this week that a new startup company based in the UK has designed and built a matching engine, from the ground up, that brings execution speeds down to levels approaching the speed of light. It begs the question, in terms of latency, how low can you go?
ALGO Technologies, headed by Hirander Misra (former Chief Operating Officer of Chi-X Europe) has designed a system that takes just 16 microseconds...