BAXTER / XCDE, is a member of FIX Inter-Party Latency Working Group. The working group has brought together leading industry experts to standardise two specific aspects of latency measurement.
Firstly, the working group has developed taxonomy of standardised measurement points, so that compliant to the standard latency statistics published by different organisation will be comparable on like-for like basis. The FIX IPL taxonomy is shown below.
Secondly, the latency data interoperability protocol has been developed to enable interoperability between latency monitoring solutions.
Why is XCDE involved?
Why is there a need for IPL?
Solution: share measurements
|Marker (values below in Milliseconds)|
|Date||LMP E1 − E12(Q)||LMP E5 − E4(Q)||LMP E1 − E8(O)||LMP E5 − E8(O)||LMP E1 − E4(O)|
|27 Aug 2012||21||soon||soon||soon||soon|
|15 Jun 2012||34||soon||soon||soon||soon|
|28 May 2012||71||soon||soon||soon||soon|
|18 Jan 2011||96||soon||soon||soon||soon|
We will publish performance results after every software update to our systems, or in case of major hardware changes.
Please contact us if you would like to be notified when new test results are made available, or if you’d like to participate in the FIX IPL project. We can offer you a set of scripts which will capture events and transmit them to our IPL measurement environment, which will allow you to analyze your trading latency, and contribute towards better and accurate XCDE statistics.