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The best solution would be that all (exchange, execution platform, your server and maybe broker too [risk control?!]) are located in the same data center. What I know for the case of mine (CME/Globex futures) it should be Aurora in Chicago.
If I have understood right the Rithmic and theomne.com servers are working in the same local network and located in Aurora. Building your app on Rithmic's R|Diamond technology you should able to achieve those below 1ms executions all the way down to 250us.
I am fine when I reach something about 5 ms. Currently I am sitting with my paper account at 15 ms. It seems my goal is realistic without the costs rising too high.
So my plan is to keep the blackbox colocated and then follow overall running from my charts here in Finland.
btw.Rithmic paper gives currently about 300ms here from Finland.
That definitely will be true until one day you find your European ISP (or a trunk provider) routing a signal to European host via Chicago. And it isn't an exceptional case at all BTW.
That won't change the speed of light. Finland to Chicago at the speed of light, straight line and avoiding Earth curve , is around 2.5 ms. That's the theory, 2.5 ms with a flat earth and the signal travelling in vacuum. If you add that fiber optic eats 35% of the light speed, we're now at 4 ms. Then you add a bunch of electronic component and you're around 140 ms. HFT talks in μs, with much much higher costs, being in around 10 ms with retail traders costs is already amazing.
I am located in central Europe.
Roundtrip times to Rithmic servers (directly to Chicago) are 146 ms in average (measured in R|Trader).
When connected through european gateway the average ping is 55 ms only.
That is Great! Happy to hear that you were able to improve your latency by so much.
Sierra, MultiChart and R-Trader do have the ability to choose your routing.
Thanks,
Matt
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i'm from RU and my connect through european gateway the average ping is 55 ms too ;-)
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Here in Helsinki it is quite the same 55 ms but here where I live (in Finland) it is something like 70 ms.
If I remember right the Rithmic gateway here in Europe is located in Ireland...
BUT when we are talking about the tick-to-confirmed trade executions times (which is what counts in algos) you can multiply these times something like 3-6x depending on the current net traffic.
So in the case of algos it is worth to invest something like 50 euros (or less) / mo and you will get something like 5-7 ms tick-to-trade consistently. 250e more and then you will get under 1 ms.
As Sam said this is guite low compared to costs.
Below these values it starts to look much more ugly in the terms of required work and money...
Correct.
The latency to the closest gateway is one thing, the overwall latency is something else. From Ireland it will have to travel through the Atlantic anyway for US based instruments (and also for risk management, I don't know if Rithmic have risk management server in Ireland).
Keep in mind that nothing can go faster than the speed of light (which is also at least 35% slower in optic fibre)