Markets · Arbitrage
Infrastructure for desks that measure in microseconds
FIX 4.4, raw market data and Zurich colocation beside our matching gateway. No last look, no strategy restrictions and a published latency budget for every stage of the path.
- Gateway to venue, median
- 410µs
- Full round trip, median
- 38ms
- Gateway uptime, trailing year
- 99.98%
- Last-look rejections
- 0
Strategy fit
Four strategy shapes, four different bottlenecks
Tell us which of these you run and we will tell you honestly whether colocation changes your economics.
Cross-venue
Same instrument, two venues. Requires cross-connects on both legs and a shared clock.
Fibre + colocation
Statistical pairs
Mean-reverting baskets across correlated names. Latency matters less than borrow and margin netting.
REST / WebSocket
Triangular FX
Three-leg currency loops on aggregated liquidity, executed as an atomic package.
FIX 4.4
Cash and carry
Spot against futures or perpetual basis, with financing quoted before the trade.
FIX + drop copy
Infrastructure
What sits between your model and the venue
Zurich colocation
Quarter, half and full racks in the same facility as our matching gateway, with cross-connects provisioned in five business days.
Cross-connects
Dedicated fibre to SIX, Xetra and LD4, plus microwave backup on the Zurich–Frankfurt leg.
Market data
Raw multicast feeds and a normalised binary feed, both timestamped at the venue edge in nanoseconds.
Session management
Multiple FIX sessions per account, independent throttles and a drop copy for your own reconciliation.
Connectivity
Every interface, with its real numbers
Throttles are per session and can be raised after conformance testing. All interfaces share one account and one margin pool.
| Interface | Encoding | Median latency | Rate limit | Cost |
|---|---|---|---|---|
| FIX 4.4 | Binary TCP | 410µs | Unlimited | Included |
| FIX drop copy | Binary TCP | 1.2ms | Unlimited | Included |
| WebSocket | JSON | 4ms | 50 msg/s | Included |
| REST | JSON | 12ms | 20 req/s | Included |
| Raw multicast | ITCH-like | 180µs | Unlimited | CHF 900 / mo |
Onboarding
Live in four steps, usually inside three weeks
A named engineer owns your integration from conformance to production and stays on the desk afterwards.
01
Conformance
Test sessions against our UAT gateway with a full order-type matrix.
02
Risk profile
Agreed message rate, max order size and kill-switch thresholds.
03
Cross-connect
Rack, power and fibre provisioned; clock sync verified against PTP.
04
Go live
Production credentials, drop copy and a named engineer on the desk.
“Spreads hold through the London open, which is the only test I care about. Withdrawals land the same day.”
Questions
Arbitrage, answered plainly
Do you allow latency arbitrage?
Yes. We do not use last look, we do not reject on price movement, and we do not restrict strategies that profit from being faster than us.
What are the minimums for colocation?
A quarter rack with a single cross-connect, plus an Institutional account. Pricing is quoted per facility.
Can I run multiple strategies on one account?
Yes. Each FIX session can be tagged and throttled independently, with separate drop copies for reconciliation.
Is there a kill switch?
Every session has a server-side kill switch on message rate, notional and drawdown, plus a manual cancel-all from the terminal.
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