3 ms·
I was at the R/Finance 2012 conference in Chicago about a month ago and one of the speakers commented that about "1 millisecond was worth $10,000," but I forget
by loganfrederick 14y ago
I was at the R/Finance 2012 conference in Chicago about a month ago and one of the speakers commented that about "1 millisecond was worth $10,000," but I forget whether that was an annual number as in "1 millisecond saved is $10,000 a year" or "We can make $10,000 every millisecond." Hopefully someone else can corroborate this.
- retube 14y agoit's not 10,000 a millisecond. Trading desks normally think in terms of daily PnL - he prob meant every 1ms latency reduction would make them an extra 10k a day.
- loganfrederick 14y agoYes, now that you mention it, that sounds right.