Cinnober: Lowering Door-to-Door Latency to 25 Microseconds within 18 months

This white paper was written by Cinnober.

Today speed is crucial to any trading venue that wants to stay competitive. At the same time, with high-frequency trading gaining an increasing share of overall volumes, the ability to manage rising transaction volumes is also a necessity.

In 2007, Cinnober published a white paper which established some best practices for measuring latency in financial markets, and publishing the results in a clear and understandable fashion. Cinnober also disclosed benchmark figures of its own trading platform with a level of transparency seen neither before nor since, showing that the context of the testing environment is of the utmost importance. Since that paper was published, latency has become a widely-used metric.