3 ms·
What are those buckets of money? Also, IEXs delay is less than the delay between existing exchanges because of speed of light limits, so massively seems inappr
by ikeboy 10y ago
What are those buckets of money?
Also, IEXs delay is less than the delay between existing exchanges because of speed of light limits, so massively seems inappropriate.
- lpage 10y agoYou might be surprised (when talking about the U.S equities exchanges at least): http://anova-tech.com/wp-content/uploads/2014/09/market-data-chart.jpg http://anova-tech.com/wp-content/uploads/2014/09/market-data.... The LoS distances in NY are on the order of 5-30mi and the lowest latency links are over microwave and laser.
- evanpw 10y agoThe Chicago Stock Exchange is 15 milliseconds away from all the others. There isn't much trading volume there, though [1]. [1] http://batstrading.com/market_summary/ http://batstrading.com/market_summary/
- encoderer 10y agoDerivatives are traded in massive volume on the Cboe which is why the time between New Jersey and Chicago is so important
- evanpw 10y agoThe CBOE matching engine is in New Jersey, along with the equities exchanges (http://www.automatedtrader.net/news/exchange-news/141860/cboe-moves-to-equinix-new-york-data-centre-campus http://www.automatedtrader.net/news/exchange-news/141860/cbo...). The Chicago-NJ latency race is more about futures traded on CME.
- hendzen 10y agoHere are some newer numbers: http://www.mckay-brothers.com/wp-content/uploads/2016/06/20160601a-chicago_presentation.pdf http://www.mckay-brothers.com/wp-content/uploads/2016/06/201... CME -> NY4 latency is now slightly higher than that allowed by the speed of light.