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Benchmark testing by 28Stone Consulting shows that firms can achieve low-latency trading via cloud computing.
Google Cloud has proven its capability to deliver Tick-to-Trade (T2T) latency at sub-2 microseconds (µs), based on benchmark testing conducted by 28Stone Consulting, a financial technology and consulting services provider. This study demonstrates that cloud infrastructure is becoming increasingly capable of meeting the high demands of modern-day institutional trading firms, officials say.
28Stone carried out a series of tests to determine how well latency-sensitive trading loops ran in Google Cloud C3 machine types and its associated cloud-native networking stack. Google Cloud C3 refers to the family of Google Compute Engine virtual machines (VM) designed for general-purpose computing workloads that require strong performance and low-latency networking.
The study looked at the entire end-to-end loop of the trade process — from market data first ingesting, to decision making, all the way to transmission of the order. It then calculated the latency, jitter, and throughput under increasing volumes of message rates.
28Stone Consulting, which already uses Google Cloud for its cloud-based financial technology products, says the findings show that firms can achieve high-frequency, low-latency trading strategies on the cloud without diminishing performance or reliability.
Need a Reprint?- Read More:
- automation,
- back office,
- cloud computing,
- cloud native,
- high-frequency traders (HFTs),
- low latency connectivity,
- operations
