Financial News looks at standards from Fix Protocol around high-speed trading, building up to the unveiling their first independent like-for-like comparison of trading speeds, also called latency, in March.
Trading platforms are locked in an arms race to achieve ever-faster trading speeds as they compete for a breed of super-fast, high-frequency trading orders, but there has historically been no independent means of comparing latency.
Some organisations are aware that they’re not the best-performing execution venue, and they really don’t want that put in the spotlight. GreySpark maintains this is the case, maintaining that If you’re not fast, you don’t want this to be in the public domain. However, putting this in the open can be difficult from a commercial standpoint.