Latency- it can be in a number of places. When you are saying these brokers can be better are you referring to quotes or orders. Any good broker can give you multiple options to decrease the latency. If it is quotes are you referring to NYSE, INET, ARCA, BRUT- all should have different latencies, and if your broker isn't sourcing the quotes directly that could be part of the problem.
I'm talking internal latencies of the broker. Both feed and execution. Market center latency is a different animal. Other than the lines etc, you are at the mercy of their platforms once your execution data hits it. Thank god Arca is now one of the best. Old Arca FIX was death. Remember when they rolled out the "ITCH-Like" feed? It was the beginning of a better Arca. We used to call it the "BITCH" feed. -m
I am not sure I follow. Internal latency- if the quotes is not the discussion(which is a huge issue for me) then only order entry is left. If they have a good system then from the time your order is generated it should take no more that 15 ms to get to inet for example. Besides that there are a number of ways to make order entry latency almost nothing. But those measures could be more expensive and might only be worth it if you are doing big volume.
If internal, as above, routing is pretty fast. The only other issues would be the clearing firm lagging to check your account to make sure you got cash, shorting? What latency are you talking about?? And if that is the case then have them turn it off. Turn all that stuff off and trade without checks and balances. It does happen to trade without it on.
Well, interesting development: Since I have started this thread, ONE broker has come forward and allowed themselves to do the right thing: As a first step, they let me measure one area of latency compared to my systems. One broker stepped up to the plate. I showed them their weakness with cold hard results and they seem open to ideas that may only help them and their customers out. Right now, they are slow. But they took the first (and most important) step.
Typical fuzzy stuff again. How is it possible to fill up about almost 20 pages about supposed 'true latency' - not the false kind ( ) - without quoting any figures. If you can't express it in figures, i.e. measure it, you simply DON'T KNOW WHAT YOU'RE TALKING ABOUT.
Latency bullshit. Figure out how to make money in the next hour or 2-3 days, instead of trading for pennies and trying to get prices that barely existed 1-2 seconds ago. Just trade and quit complaining. Trading is not designed to pay you, anyway. It's made to take your money. Not happy? Change broker, platform or move your timeframe out but don't force brokers to spend tons of dough unnecessarily because YOU need to prices of 1/3 second ago!
I'm sorry, but your entire post is ludicrous. Making money is making money no matter how you trade. While I am annoyed that he hasn't posted in stats at all. If I had the clout to 'force' my broker to be faster I certainly would if it would increase my bottom line.
Maybe I do know what I am talking about and the only reason I stuck my neck out like this was to raise awareness within the investment community so that brokers will take action. It's starting to work now. I know what I need FOR ME. That's my specialty. If you don't believe me, that's cool. It makes no difference to me. Best of luck.