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The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

One Trading Firm’s View of Low Latency

Presenting a session covering “Insights on Low Latency Execution Practices” at the HFT World conference in Chicago today, Alex Dziejma, principal and chief architect at Dymaxion Capital, pegged a definition of low latency trading as 20 microseconds “tick to trade.”

Dziejma went on to suggest that the definition will shift to less than 10 microseconds for next year, and as low as a single microsecond for certain trades by 2014.  Dymaxion Capital’s proprietary trading system currently clocks in at five microseconds, he added.

Seeking low latency is important at Dymaxion in order to reduce slippage on trades constructed by its algorithms. To this end, it has shunned vendor solutions as too slow and costly.

Dziejma’s advice to other firms looking to build systems is to avoid the C# and Java programming languages, and to use binary order protocols instead of FIX.

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