NYSE cuts order execution time to 5 milliseconds
First Published Thursday, 2 July 2009 from Automated Trader : Exchange News
NYSE implements Super Display Book system
The New York Stock Exchange (NYSE), a subsidiary of NYSE Euronext (NYX), has reduced the time it takes to execute an order to five milliseconds from 105 milliseconds, with the implementation of the new NYSE Super Display Book system (SDBK) for processing orders. As a result, NYSE customers are experiencing trade executions and reports within five milliseconds, as well as order and cancellation acknowledgments in just two milliseconds.
"We have improved system latency to the single digits today from 350 milliseconds in 2007," said Louis G. Pastina, executive vice president, NYSE Operations. "NYSE customers can now access our market with greater speed and assurance, and their orders will be delivered and executed more efficiently than ever. For the first time on NYSE, customers can employ the benefits of competitive speed and automation in addition to our longstanding value of high-touch price discovery on the only U.S.exchange cash equities trading floor."
- SmartPool launches "MatchView"
Lee Hodgkinson, CEO, SmartPool: "The desire from traders as well as other market users and regulatory agencies, for increased post trade transparency is overwhelming - SmartPool MatchView offers an innovative real-time solution to meet this industry need.”
SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P.Morgan and BNP Paribas, has announced that it is launching a new service solution designed to help traders and other market users access, interpret and navigate the post trade data published by European dark trading venues.
Delivered in partnership with NYSE Technologies, SmartPool’s MatchView service will be powered by and fully integrated within the NYSE Technologies’ liquidity discovery service, ioinet....continued - “Trading Hubs Reach for the Clouds”
Bob Giffords Independent Banking & Technology Analyst “As the price of bandwidth has come down, latency has become the real differentiator both for market access and for real time data replication,” says John Donaldson, managing director at AboveNet....continued
- Automated Trader Updates
Having become the first to offer Sponsored Access via NASDAQ OMX Europe last week, this week Barclays Capital became the latest investor in BIDS Trading ATS bringing the total number of investors to twelve....continued
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