BATS exchange announces further latency reductions
23 June 2009
BATS Exchange, an innovative and technology leading U.S. stock exchange, today announced technology upgrades to its ultra-fast trading platform resulting in average latency of 395 micro-seconds, with 80% of orders executed within 400 micro-seconds.
BATS Exchange, an innovative and technology leading U.S. stock exchange, today announced technology upgrades to its ultra-fast trading platform resulting in average latency of 395 micro-seconds, with 80% of orders executed within 400 micro-seconds. The latency figure of 395 micro-seconds represents a reduction of 50 micro-seconds from the previous average.
BATS Exchange also for the first time announced order-to-quote latency. Order-to-quote latency is the time to accept, process and deliver a visible order via BATS’ Multicast PITCH data feed. Average order to quote latency for Multicast PITCH is 631 micro-seconds, with 80% of all orders within 662 micro-seconds.
© BATS
