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Dealing With Technology - Latency Special Report

The Race to Zero

As algorithmic and black box traders continue to grow their share of trading volume on the electronic markets, the importance of managing message latency continues to grow in parallel. For those firms that can receive the quotes the quickest and execute against them the fastest, the payday is immense. For those firms that can’t keep up, the losses can be devastating.

When financial technologists broach the topic of latency, the conversation immediately tends to turn to server co-location, hardware-based data acceleration and improved network configuration. Although the network is a key part of the latency equation, it is not the only element. In this special report, Steven Sadoff, executive vice president and CIO of Knight Capital Group, discusses the three other elements that need to be monitored and managed to optimize system performance and lower message latency: computing architecture, storage and application development. While most firms have already bled the latency out of their networks, the other three areas, especially application development, can provide additional opportunities for latency savings.

Also in this report, DWT sits down with Donal Byrne, president and CEO of latency management system provider Corvil, and Mark Mahowald, founder and CEO of low-latency
messaging platform provider 29West, to discuss how firms should approach latency management and what common pitfalls can be avoided.
Read the complete report...