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Tim Quast
Traders Magazine Online News

We're All HFTs Now

In this guest commentary, author Tim Quast looks back at the history of HFT and how the market has evolved to where many firms now fit the definition of high-frequency trader.

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July 27, 2005

Latent Zero Networks

(Traders Magazine, July 2005) -- Latent Zero is going into the network business. The high-end buyside order management system vendor is launching a point-to-point FIX order routing network to transport its users trade instructions to brokers. Latent Zero already performs some connectivity chores for its clients such as FIX certification, but has decided to manage the entire end-to-end process. The vendor's execs offer two reasons for the move. First, they want to grow revenues. Second, they say the sellside, which will pay for the service, wants Latent Zero to take responsibility for the entire message relay process. Latent Zero's move makes it the fourth buyside OMS vendor to latch on to order routing as a way to make extra money. Macgregor has operated a network for nearly a decade. Charles River Development and LineData Services each launched services in the past year.