3 ms·
We're following the project with interest, but for now, we're focused on directing engineering resources to other portions of the stack. FWIW our approach is in
by lpage 5y ago
We're following the project with interest, but for now, we're focused on directing engineering resources to other portions of the stack. FWIW our approach is in the low nanos of precision and accuracy, which puts us within spitting distance of the Nyquist criterion for never aliasing two packets to the same timestamp (thus losing a total ordering) at line rate 10G. That's massive overkill for our purposes (auctions 100ms apart), but it's a satisfying property nonetheless :)
- zitterbewegung 5y agoWell other than GPS being unavailable right ? Another question are your looking into having same day settlement?
- sjbase 5y agoSince the GPS signal is just disciplining a local oscillator, it would have to be a sustained outage before drift starts to really matter. But yeah there is a point where it would make a difference. > Same day settlement This one is outside our control for the moment - we partner with a 3rd party for clearing and settlement, and would depend on our subscribers also making the switch to same-day. Once we get into other asset classes, fast settlement is definitely of interest. Some cool stuff we could do with incorporating settlement instructions and/or counterparty risk constraints as part of the expressive bidding language.