4 ms·
You 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://a
by lpage 10y ago
You 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.