Chi-X Trumpets 10 Ms Latency
From A-Team Group’s Transaction Networks & Technologies, February 2007: The roundtrip latency of pan-European equity ATS Instinet Chi-X has been measured at 10 milliseconds in a series of tests performed by TransactTools, the provider of messaging technology recently acquired by NYSE Group.
TransactTools’ benchmark tests found that more than 95 per cent of messages sent to Chi-X were responded to in an average of 10 milliseconds – a measure that includes the client-side infrastructure latency involved on either side of the transaction – with the fastest response time being four milliseconds.
For high volume throughput testing, in which5 million messages were generated in total, Chi-X maintained an average roundtrip latency of 18 milliseconds while handling 16,000 messages per second.
