I've thought about getting into this... The stuff they work on is so incredible to me.
Here's a quote from their Pillar product page:
> Up to a 95% Reduction in Latency: The roundtrip latency on NYSE Pillar order entry sessions via Pillar matching engines has been reduced from ~592μs to ~32μs for FIX and from ~96μs to ~26μs for Binary, getting client orders into the market much faster. With a 92% improvement in the 99th percentile latency results, clients can also have more confidence in improved performance consistency regardless of market conditions.
Reading stuff like this makes my current work feel stupid by comparison.
> Reading stuff like this makes my current work feel stupid by comparison.
It makes our economic system seem stupid. Jesus, we're not calculating astrophysics or quantum mechanics. A made-up system should not require or depend upon this kind of speed or precision. Maybe we should chill.
Reminds me of those pro StarCraft players who keep unnecessarily clicking the mouse to keep their APM (actions per minute) stat high.
Absolutely agree. but "liquid markets are important" or something. rolls eyes
This is just another step in the endless journey of widening the gap between your average Joe and someone with access to high level financial services.
Just an educated guess (I'm in the same industry, have worked on some networking related stuff) But I think it is probably mostly network hardware and architecture. You can only improve so much from the code, the networking is where all the latency comes from.
Here's a quote from their Pillar product page:
> Up to a 95% Reduction in Latency: The roundtrip latency on NYSE Pillar order entry sessions via Pillar matching engines has been reduced from ~592μs to ~32μs for FIX and from ~96μs to ~26μs for Binary, getting client orders into the market much faster. With a 92% improvement in the 99th percentile latency results, clients can also have more confidence in improved performance consistency regardless of market conditions.
Reading stuff like this makes my current work feel stupid by comparison.