<div dir="ltr">HFQ traders in Australia don't really do much on ASX, the market is just too small.<div>It's all happens in the Asian countries.... Korea, Hong Kong... etc</div><div><br></div><div>I've been working for one HFQ trader (albeit only for a short time) and the main markets were all in Asia. We would complain if there was a 10ms increase in latency between sites in Korea. </div>
<div>On the LAN side, we measured latency in nanos, or micros... it we hit millisecond latency there was big issues, i.e big $$ lost.</div></div><div class="gmail_extra"><br><br><div class="gmail_quote">On Fri, Apr 4, 2014 at 4:47 AM, James Spenceley <span dir="ltr"><<a href="mailto:james@iroute.org" target="_blank">james@iroute.org</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div style="word-wrap:break-word">vocus has the lowest latency path, which we built specifically to guarantee the lowest latency to the ASX.<div>
<br></div><div>it was 2 years ago now but a very cool project and has been popular with a very specific customer group ever since ...</div><div><br></div><div><a href="http://www.itnews.com.au/News/304818,vocus-lays-cross-harbour-fibre.aspx" target="_blank">http://www.itnews.com.au/News/304818,vocus-lays-cross-harbour-fibre.aspx</a></div>
<div><br></div><div>--</div><div>James</div><div><div class="h5"><div><br></div><div><br></div><div><br><div><div><div>On 4 Apr 2014, at 4:22 pm, J Williams <<a href="mailto:jphwilliams@gmail.com" target="_blank">jphwilliams@gmail.com</a>> wrote:</div>
<br><blockquote type="cite"><div dir="ltr">This is probably already happening on the Australian stock market.<br>What is the fastest network between Equinix and Gore Hill Business Park?<br>Finished the book yesterday, great read.<br>
</div><div class="gmail_extra">
<br><br><div class="gmail_quote">On Fri, Apr 4, 2014 at 10:04 AM, Joseph Goldman <span dir="ltr"><<a href="mailto:joe@apcs.com.au" target="_blank">joe@apcs.com.au</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
The thing that stuck out to me most - is the updates via multiple 'exchanges' when an order is placed, and the front-running they described. Obviously as network builders it is not our role to take ethics and morals into account when doing things like this - but with the structure of ASX, is the same thing [frontrunning] possible? Or is this industry secret/question that won't be answered?<br>
<br>
I understand and fully support the need to have low-latency communication with the ASX to catch trends first and get your orders filled at the right price, but the idea that they were detecting trades early and beating them to the trade before the order was filled is outright devious (IMHO).<br>
<br>
Ethics and the actual trading itself aside - i liked the idea of staggering the orders so they hit out at once, and the new exchange they started using a 60km roll of fibre to artificially inflate response !<div>
<div><br>
<br>
On 04/04/14 09:51, Tim Jones wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
Interesting video Joe.<br>
<br>
The Vocus fibre under Sydney Harbour was rolled out to the ASX Gore Hill Primary DC shortening the path from the city by 400 metres:<br>
<br>
<a href="http://news.slashdot.org/story/12/06/15/0139255/aussie-telco-lays-new-fiber-for-microsecond-trading-boost" target="_blank">http://news.slashdot.org/<u></u>story/12/06/15/0139255/aussie-<u></u>telco-lays-new-fiber-for-<u></u>microsecond-trading-boost</a><br>
<br>
<br>
And for participants in the ASX Gore Hill DC:<br>
<br>
"the ASX will commission a 60 metre fibre path to customer equipment that is only two metres from its core systems, to ensure that customer gains no better speeds than customers in far corners of the room."<br>
<br>
<a href="http://www.itnews.com.au/News/261198,asx-takes-network-neutrality-to-new-extremes.aspx#ixzz2xrllcQ00" target="_blank">http://www.itnews.com.au/News/<u></u>261198,asx-takes-network-<u></u>neutrality-to-new-extremes.<u></u>aspx#ixzz2xrllcQ00</a><br>
<br>
Cheers,<br>
Tim<br>
<br>
<br>
<br>
-----Original Message-----<br>
From: AusNOG [mailto:<a href="mailto:ausnog-bounces@lists.ausnog.net" target="_blank">ausnog-bounces@lists.<u></u>ausnog.net</a>] On Behalf Of <a href="mailto:joe@apcs.com.au" target="_blank">joe@apcs.com.au</a><br>
Sent: Friday 4 April 2014 6:59 AM<br>
To: <a href="mailto:ausnog@ausnog.net" target="_blank">ausnog@ausnog.net</a><br>
Subject: [AusNOG] Networks in High Freq. Trading<br>
<br>
Hi list,<br>
<br>
Just watched this piece:<br>
<br>
<a href="http://www.youtube.com/watch?v=8RFLIj4a2kw#t=29" target="_blank">http://www.youtube.com/watch?<u></u>v=8RFLIj4a2kw#t=29</a><br>
<br>
It's 60 minutes, so a bit sensationalised, but it discusses the role of fibre optic networks in stock exchanges and namely High Frequency trading, and some interesting solutions to the problem. Found it quite interesting so thought I'd share!<br>
<br>
Thanks<br>
<br>
<br>
<br>
<br>
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