It’s still pretty fast, though.
Now, it’s about making trades that are both fast…and smart, even if it means slowing down the trade slightly….
“Gone are the days when you can pay for the early release of a data set. Now, people are relying on many sources of data that they all input to trade decisions. It’s merely one input in a model,” said Jonathan Knuff, general manager for global financial services at Equinix….
To be sure, speed is still a monster asset, especially with all that data to process. Consider even just one order for a stock has dozens of data points behind it, not just the bid and the offer on a trade.
For Some High-Speed Firms, it’s No Longer Just About Speed [WSJ MoneyBeat blog]