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There are loads of providers for millisecond sensitive strategies around. I'd do a search, as threads like this have popped up over and over, and there are some strong businesses in the space. I'd look long and hard before going to the big boys, so to speak, as they're in the business of...

It's tough for anyone to put numbers out there, as financial rules/regs make it difficult to say anything unless it's verifiable. You can't say anything in a press release or on a webbie that hasn't been verified or is up for debate, effectively. Rules are clear, clear, and are really hard to...

Lime Capital doesn't exist anymore, and was merely a long-short fund (value) that utilized the brokerage much like any other client. Lime Group has several companies, and Capital was one, brokerage is one, wire is one, etc....It's an umbrella of sorts, technology being the thread. Lime Capital...

exchange direct isn't the best if you're looking to go to many ENC's and exchanges. Plus, as far as compliance goes, are you really "Checking" to see if you're long/short/located if you're exchange direct at different market centers?? You do need to go to a broker, really...hub/spoke model...

Lime IS pure agency, as it's basically first come first serve DMA for the quant community. It's a stand alone, independently owned, B/D. It's effectively a tech company wrapped in a b/d to get paid per share on the execution and clearing. They cover quant, stat-arb and other types of funds...

it's as if you're sending to an ECN, but they can take the other side there, basically. I'd say look around or call them as to which brokers that do automated biz use them. It's just another connection for a broker....as far as the broker is concerned.

the hypothetical race to zero latency always has people thinking of what the end game is. Truth is, there are faster ways (lower latencies added) for direct feeds to get them into your models; there is a faster way to process that info/signal in and out of your model, and ultimately, there is...

ATD works....Automated Trading Desk.

it's not all dark pools. That's just as tough to hide, not get gamed, etc. They're using a combination of brokers, DMA, and using old relationships to try to keep things quiet. There will always be some form of leakage. Also, you'll see these guys ALWAYS looking fo rnew methods...

it's 5 million now for the most part; things in flux but that's the call lately. PM me if you need any info....

I'm very careful what I wish for, and it's based on people who trade alot getting to the market quicker to be the existing bid/offer. They do that electronically. ther eis no wonder why the ECN's are getting this done - it's an active choice by those - be it trader or what is effectively an...

I don't think you should focus on what pocket it is in, but what makes a better market. One of the exchanges bought one of the ECN's, and the other bought the other. The faster they integrate the technology, the better. First come first serve with a rational two sided market might be the best...

hedge funds don't need to use prime brokers. All they need is a fully disclosed account with any broker, where they execute with that broker and the funds reside at that broker or whoever that broker is an introducing broker to. F'rinstance, if you were executing at an execution specialist...

hedge funds execute through a variety of brokers, both big and small. If they have one or multiple prime brokerage relationships, they can execute away, and DVP back to their prime broker. This is done for a negotiated per ticket charge, usually. Sometimes you can negotiate that away to...

I can ball park speed figures for you if you need them, feel free to PM me if you would like....

an OMS is just an order management system, traditional. the EMS, or execution management system is being "installed" to keep up with increases in quote and trade traffic. They are for algos, yes, but also to cancel and replace orders in the new "fast" markets. Basically, OMS is a front end...

what you do need to pay attention to is that it ISN"T that expensive. There are brokers that are building up (yes, they appear to be niche, but as NMS approaches, and speeds and throughputs matter) systems that some of the low latency/high throughput crowd used to keep for themselves. SO, there...

I think a weakness is assuming the big banks have the best technology. It is a time of smaller and more nimble places are outdoing the monsters. If you look at the Nasdaq list of liquidity providers, you'll see a lot of places that represent who is getting orders - because at its' simplest...

3.14 close today, I'd imagine you're all in her snapping up some as it's below book value, right? any new theories I should know about? amazing no one ever revisits a trade later to see what they could have learned, and/or admit it.....

I'm talking about out to INET, through their trading engine, and back. Internally the trade would reside in their engine, or ARCA, or DOT, or what have you....as part of that round trip. Also, that has little to do with averages, or throughputs, etc. I hear you, though. I agree. I can...