Where microseconds are won and lost between your model and our matching engine.
The path a message takes
Model host, network hop, gateway normalisation, risk check, then venue. Each stage is measurable and each has a different fix.
When colocation pays
If your alpha decays inside a second, colocation is infrastructure. If it decays in an hour, it is a distraction.
Written by the Helvetia Markets trading desk in Zurich. General information only, not investment advice.
