I chaired a dinner this week on speeds, feeds and latency in the City's Capital Markets.
Fascinating stuff all about the latest Multilateral Trade Facilities (MTFs) and how Chi-X and Turquoise claim to be ripping up the old exchange models by processing trades in 2 milliseconds.
During the course of the conversation, I found something interesting.
Most of the City folks said that speed is irrelevant and that those milliseconds are meaningless.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...