Bloor – Latency: an IT Governance story?

David Norfolk on latency and single-dealer platforms:

To my mind, IT governance is ultimately about having fact-based confidence in achieving desired business outcomes, and these often depend on addressing technical issues. If the desired outcome, for example, is an effective and profitable single dealer platform, which allows a financial institution’s customers to deal with it for a range of trading assets (FX, credit, equities and so on) through a single internet application, one of the issues that must be addressed is latency.

So, what is latency? Well, its not the same as response time, which it is sometimes confused with—you can have sub-second response times for, say, pricing information and still see a price on your screen that is out of date, because of latency issues.

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Single-Dealer Platforms: In depth coverage in e-Forex magazine

The July 2010 edition of e-FOREX magazine includes an excellent article “Special FX – building a new breed of trade execution platforms” – this touches on a whole variety of areas including multi-asset trading, increasing product complexity, connectivity and STP issues, whether lower latency is relevant or even achievable, the change in the relative use of multi-dealer and single-dealer platforms and the adoption of Web technologies and rich internet applications (RIAs) in single-dealer platforms.

All in eight pages – a really good read.

If you have a print copy of e-FOREX then turn to page 112 (page 114 of the digital edition and page 59 of the full PDF edition) and you’ll find that journalist Nicholas Pratt has encouraged Continue reading