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Ticks In a Tidal Wave of Data

Traders Magazine, September 2004

Peter Chapman

Program traders, deluged by data, are scrambling for a solution. The surge in quotes of the past few years is being compared to a tsunami - a tidal wave - by the Financial Information Forum, the New York-based market data think tank. Peak message traffic in the equities and options markets hit 31,000 messages per second earlier this year, up from 900 in mid-1997, according to the FIF. And it says that number could double next year.

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