High on Low-Latency Data

摘要

To build out a global quantitative equity trading platform two years ago, Bear Stearns knew it needed a low-latency market data platform that could pump data through its algorithms in fractions of a second. "This is really an arms race," says Jerome Downey, senior managing director in Bear Stearns' Equities and Systematic Trading (E.A.S.T.) division in New York, which houses the algorithmic trading systems it offers to institutional clients.