Date/Time: Fri, 03 Feb 2023 23:53:55 +0000
Post From: Now Released: Upcoming CME / EUREX Direct Routing
Sierra Chart Engineering - Posts: 104357
We have good news, we put the first order through the iLink and everything went successfully the first try, and we were able to measure latency.
The approximate latency, from close to the time the order was received, and then acknowledged by the exchange, is estimated to be at about 350 microseconds. This includes all of the pretrade risk checks.
We compared this to the TT based order routing, and that came in close to 1000 microseconds. Which is not very good. We have seen better but this is what we are seeing now just looking at one order today from one of the traders.
And we have been told the TT based order routing is already very fast and faster than other supported services. So the direct order routing is coming in considerably faster.
And this is using the Convenience Gateway from the CME. Not the market segment gateway. We have said many times, that using the convenience gateway, is not going to create any noticeable impact, and our order routing is already so much faster than what else is out there, that the actual little overhead on the convenience gateway, is going to be more than offset, with the superfast processing on the Sierra Chart side.
Update: Additional review shows that processing and transmission time to the CME and execution of a market order, is around 300 µs.
Sierra Chart Support - Engineering Level
Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2021-09-12 02:22:36