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Overview
Direct Edge is pleased to announce the completion of the first phase of a multiphase effort to improve the speed and integrity of our EdgeBook Depth feeds for EDGA and EDGX exchanges. Specifically, this recent enhancement has not only reduced the overall latency of our depth feeds, but has substantially reduced the number of outliers in our system, resulting in more consistent performance for our EdgeBook Depth Subscribers.
- Our average latency has been reduced by approximately 90 microseconds on EDGA and approximately 160 microseconds on EDGX.
- Our 99.9th percentile latency has been reduced by approximately 60% on both EDGA and EDGX.
We believe these reductions in market data latency will improve your trading experience on both EDGA and EDGX. Orders that are disseminated faster may result in higher fill rates for both liquidity adders and takers.
Coming Soon
In our next phase slated for this summer, we plan to provide further latency reductions to our Depth feeds through software based enhancements, and in our final phase planned for the fall, we will refresh all of our data dissemination hardware.
