Our market structure has gone astray, Larry Leibowitz told an industry market-structure conference this week; time for everyone to step up and engage in the dialogue about solutions before the opportunity passes.
To me, all of these changes -- ranging from lower latency for low-touch trading to enhanced capabilities for high-touch trading -- demonstrate that NYSE Euronext is continually looking to hone our diverse platforms to serve our diverse customer base. The global marketplace is becoming ever more competitive, and NYSE Euronext is becoming more competitive right along with it.
ArcaDirect is NYSE Arca's lowest-latency order-entry platform.
"Based on existing systems and incorporating new technology, the platform will see European cash customers experience reduced latency from 1.5 milliseconds a roundtrip to 150-400 microseconds, with capacity trebling, from 30,000 orders a second to 100,000 orders a second."
