Patrick, I know you no longer work for TT, but what would you estimate the latencies for using TT's API after the order reaches their server, under 10 ms? TT FIX under 2 ms? I would be surprised if EZE EMS (Realtick) xAPI is more than 10ms to CME after it reaches their servers. They say they process risk checks in 2 ms and process orders at the rate of 2 ms per order.
I don't scalp nor I'm an HFT. Just plain vanilla day trading. 2-6 trades per day. Latency and/or response time is not a big factor for my style of trading. What types of statistics were you referring to?
Oops. I was under the wrong impression that you maybe are doing scalping or even HFT Ie. stats for these cases. Never mind. Thx.
Hi Robert, Thank you for your reply. Yes, I left TT and am with Nodal Exchange now. My question was just a random query. I was interested to see what I'd get back. AFAIK, the race to zero isn't much of a race any longer. Also, true, the question is most relevant for automated trading, and this applies to synthetic orders as well as full-bore algorithmic trading.
FWIW, we were using an off-the-shelf vendor and were getting 10s of mikes tick to trade. And that kinda slow these days