latency between cermak and frankfurt

M

minmike

I just switched fcm. I use TT ADL which probably labels me an amateur in the eyes of most of you, but the old firm had collocation at Frankfurt and the new one only has Cermack. Any idea what kind of latency I just added?

Thanks
 
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What are you trading. Products on the CME or Germany?
 
That was my concern. Eurex only. Some elementary stuff with order book so speed while not essential has an impact.

I was curious if it was rounding error compared to using TT or significant.
 
minmike said:
I just switched fcm. I use TT ADL which probably labels me an amateur in the eyes of most of you, but the old firm had collocation at Frankfurt and the new one only has Cermack. Any idea what kind of latency I just added?

Thanks
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If the Risk Management (Margins) passed via Chicago first, you have added a layer of latency. So in your case, you might or might not have added latency to execution depending how the old firm did it. Both components are important when examining latency.
 
MattZ said:
If the Risk Management (Margins) passed via Chicago first, you have added a layer of latency. So in your case, you might or might not have added latency to execution depending how the old firm did it. Both components are important when examining latency.
More...
Thanks for the response. Doesn't risk run server side in ADL?
 
minmike said:
Thanks for the response. Doesn't risk run server side in ADL?
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I could be wrong, but I think the risk side does not care whether you run ADL or trade manually.
The risk software that confirms your size could be sitting in Chicago, so you get the quote from Frankfurt, trades confirmed in Chicago and sent to Frankfurt. If your strategy relies on microseconds seconds its one thing, for most this process works in milliseconds and it would be just fine.
 
MattZ said:
Stands for Algo Design Labs. Used by TT guys for algos and automation.
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Thx...Then it is my understanding that for CME products, most risk is at the iLink gateway set by the FCM. Not sure about other exchanges. They can set Max/Order, MaxPostion Size and credit (or margin).
 
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