Measuring Up: FIX Inter-Party Latency Update
By Raymond Russell, Julian Ragless, Richard Leung
Raymond Russell, of the FIX Inter-Party Latency (FIXIPL) Working Group and Corvil lays out the use cases for the FIX Inter-Party Latency standard and the functionality of Version 1.0.
Goals for FIXIPL
turnover. Low latency trading increases the number of trades, but they may be of a smaller average order size.