Software, hardware and hybrids: optimal configurations for achieving low latency FX

Dan Barnes discovers why delivering effective low-latency for FX trading requires a tailored technology stack.

Within FX trading there are two demographic groups that are really hooked on low latency; the hedge funds and proprietary shops that are trading FX for alpha, and the big dealers. Speed is important for others, but true low-latency and the technology that underpins it is not for the faint-hearted. Scott Sellers, founder and CEO of Azul Systems says that “Reducing latency is a never-ending challenge. Where once people thought that you couldn’t get below ten milliseconds and that was best of breed, now you can achieve sub 1 millisecond and sub 100 microseconds. It’s an arms race and with a continued, almost maniacal, focus on reducing latency. There are a variety of products that a trading firm can use to continue to pursue this end.” Measuring latency The appetite for measuring latency has seen a significant pick-up over the last year as people try to gain a better understanding of the performance characteristics of their FX trading. Kevin Covington, CEO at ITRS, specialists in...continued

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