LiquidityHub Achieves 2 Millisecond Latency
New messaging middleware from Fiorano has enabled the U.K. fixed-income data provider to accelerate its streaming price updates.
By Penny Crosman
March 26, 2009
LiquidityHub, the London-based liquidity aggregator for the fixed income market, has begun to see a demand for low latency that didn’t exist a few years ago. (Banks send fixed-income derivative prices to LiquidityHub, a 16-bank consortium, and the organization performs calculations on that data and pushes it back out to subscribers.)
Until recently, “the key trading protocol that was used within fixed income was a request for quote mechanism, so if somebody wanted to buy a product, each dealer would give them a price and hold it valid for around 15 seconds,” explains chief technology officer Tony Harrop. “If the market moved in that time, the dealer held the risk in that they had to honor that price.”LiquidityHub Achieves 2 Millisecond Latency
Tags: algo trading, dark fiber, Electronic Trading, Fiber Networks, Low Latency, Low Latency Networks