Traders Battle Latency with: Fast Data Applications
Traders Magazine, February 2006
In November, Merrill Lynch contracted with Wombat Financial Software to provide a market data infrastructure for the broker-dealer's next-generation electronic trading platform. The initiative underscores a trend underway at major trading houses: Grappling with the large quantities of real-time market data demanded by algorithmic and automated trading systems and other applications. Electronic trading groups at broker-dealers, proprietary trading firms, hedge funds and other sophisticated players are beefing up their market data infrastructures and eliminating as much latency, or delay, as possible in the quest for speed.
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