How fast is state of the art HFT trading systems today?
问题 All the time you hear about high frequency trading (HFT) and how damn fast the algorithms are. But I'm wondering - what is fast these days? Update I'm not thinking about the latency caused by the physical distance between an exchange and the server running a trading application, but the latency introduced by the program itself. To be more specific: What is the time from events arriving on the wire in an application to that application outputs an order/price on the wire? I.e. tick-to-trade