ATP Special Edition - Low Latency (featuring Thomas Chippas, Deutsche Bank)
Summary: Thomas Chippas Welcome to this special edition of The Algorithmic Trading Podcast, brought to you by Voices in Business,nbsp;focusing on Low Latency. As the subject of latency has come up repeatedly in this series of interviews, we decided to ask Thomas Chippas, Deutsche Bank's Head of Autobahn Equity, North America back onto the show for a deeper dive into the topic. In this conversation with Greg Grimer and Mike O'Hara of Voices in Business, Thomas discusses why low latency is so important, some of the causes and types of latency, issues with measuring and monitoring it andnbsp;some of the ways it can be reduced. Show notes for this episode: 00:08 - Introduction 01:24 - Some background and history 02:18 - At what point did latency become an issue? 04:01 - The diverse business drivers for reducing latency 07:36 - Orders versus market data 08:40 - The exponential growth of option data 09:26 - Managing real-time position risk 10:38 - Dangers of quote mitigation 11:32 - Causes and types of latency, #38; where it is introduced 15:32 - Piecemeal versus big-bang approach to reducing latency 18:22 - Measuring and monitoring latency 21:44 - Visualisation tools #38; heat maps 22:14 - Consistency #38; reliability versus outright speed 23:29 - FIX, FAST #38; other industry standards 25:55 - Proximity hosting and co-location 29:25 - What Telco #38; network providers are doing 30:57 - Do latency reduction initiatives justify the cost? 31:45 - Potential operational risks inherent in low-latency strategies 34:48 - End of interview and wrap-up We welcome all feedback, so please leave a comment here on the website, call us to leave an audio comment on +44 (0) 20 7193 1295, or send a message to firstname.lastname@example.org. Listen Now: To listen to the podcast right now, click on the player icon below (may require registration).
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