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I doubt either city is serviced by national Tier 1 fibre, but I could be wrong. If not, for example, fill times at the CME, which might be around 30ms in Chicago or any city served by Tier 1, might jump by upwards of 100ms. Unoptimized connections (i.e. trading from home using Tier 3 -...

Rufus, thanks. I appreciate your insight into the business. I still consider myself pretty junior even though I've been in the business since 2001. Will send you a PM. Would love to get together for a drink and talk shop. It's possible we already know each other offsite, but it does...

Feel free to PM me if you want to answer or offer insight without posting to the wider public. I'm eager to learn but happy to keep certain details quiet. Thx.

My friend had talked with the Red Sky people in the past about using their connectivity but not sure where that went. He said they were pretty good. Didn't know Red Sky was sold. Have met Brett and Stef, the partners who started it all as Speed maybe 7-8 years back. Weird since Speed needs...

Heard unimpressive comments about RCG. Only newer middle ware was supposed to be up earlier this year, and didn't sound like they supported dedicated lines to ECNs to get access to best bid/best offer/insider markets. No in house trades developed purely for automated trading or algorithmic...

Would appreciate hearing about the low latency trading groups in Chicago. A friend left GETCO and wants to trade fixed income. He needs to set up an arrangement with a prop group or a low latency brokerage group with high connectivity to various exchanges (i.e. typical CME fills around...

mnx, if you're not open to posting publically you could always PM me. Happy to hear stories. That thread about crazy stories from CME/CBOT guys was too much fun to read... But, I think I recognized a couple of people involved in those stories. I've always worked upstairs since getting in...

Sorry to hear your experience was poor with Pipeline. Had thought what you were trying to do is what people are trying to avoid when accessing dark pools? Not sure how easy it is to see all the bids and offers, but it sounds like Pipeline does let particpants see prices and size. Some...

Appreciate the suggestions. Will look into all the dark pools people suggest. BTW, how do people feel about NYFIX, Instinet, LiquidNet, CrossFinder, and Cross Stream? These are all groups that have been mentioned to me not mentioned in this thread. Thx.

Thanks for your comments. If you think of other pools one might access let me know. Am most concerned with getting quality fills of less liquid markets with wide bid-ask spreads and large slippage. Size in question wouldn't be too large, so may be not what some dark pools are interested...

Can you tell me about Pipeline? Is it a forum where prices are determined based upon current market (i.e. mid bid-ask spread, etc.) I'm not sure how quickly the dark pools with negotiated prices act. Prop firms might be trading 5k or 10k at a time per symbol vs. 35M for a hedge fund so...

Can a smaller prop shop access liquidity from "dark pools" trading between 300k - 1M shares a day? If so, do people have suggestions about which pools to access? Some articles I have read suggest there are nearly 40 around, whereas there were only four one year to eighteen months back...

Can anyone list off major automated trading shops in NJ-NYC-CT? Be curious to network with folks in this area and learn more about what is current, especially what is relevant for low latency trading. I'm also currently reading through the archives in this section. Thx.

So, you had to sign an NDA just to get access to information about the technology? If so, that seems a little extreme. Are they that secretive about what their technology does? Is it easy to see presentation of what they do? Thanks.

Sorry if this post is in the wrong forum. With folks here having both IBank, hedge fund, CTA, and prop trading experience I felt it would be ideal to pose this question to you. Anyone know much about Tervela's hardware? Is it fast? How many messages (say, per second) can they process at...

Just wondering if anyone knows much about Penson Financial (completely unknown to me before today) and internal prop trading desks at the firm? All I know is they have a presence in TX. Thanks.

I don't know if it has ever crossed anyone's mind but wouldn't it be great if people actually pooled all their knowledge about different firms into specific threads that would be concise description of each firm? I know this is a huge organizational problem, and someone needs to objectively...

Trying to find a stable prop shop (or quantitative hedge fund) to bring on board my technology primarily used in market-neutral groups for high-/medium-frequency trading in equities. I am more interested in trading futures. Need to find a shop with inhouse low latency...