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LMAX = revolution?!?

  • #1,541
  • Dec 6, 2012 9:10am Dec 6, 2012 9:10am
I am thinking about leasing a server directly in LD5.
For example this provider offers a dedicated Dell PowerEdge Server starting from £300pm.
I'm not insane; my mother had me tested.
  • #1,542
  • Dec 6, 2012 9:21am Dec 6, 2012 9:21am
Quoting RoBiK
I am thinking about leasing a server directly in LD5.
For example this provider offers a dedicated Dell PowerEdge Server starting from £300pm.
Yea I will be looking into a server next door to theirs when I've finished my little hft project
  • #1,543
  • Dec 6, 2012 9:39am Dec 6, 2012 9:39am
Quoting Ultimate6
Yea I will be looking into a server next door to theirs when I've finished my little hft project
Ultimate6 u use api java/c# or FIX ?
  • #1,544
  • Dec 6, 2012 9:41am Dec 6, 2012 9:41am
Quoting RoBiK
I am thinking about leasing a server directly in LD5.
For example this provider offers a dedicated Dell PowerEdge Server starting from £300pm.
What is the ping latency from this provider ?
  • #1,545
  • Dec 6, 2012 9:47am Dec 6, 2012 9:47am
Quoting surfeur
What is the ping latency from this provider ?
i don't know, i am not a customer so i can't test it... but i expect it to be below 1ms.
I'm not insane; my mother had me tested.
  • #1,546
  • Dec 6, 2012 9:55am Dec 6, 2012 9:55am
Quoting RoBiK
i don't know, i am not a customer so i can't test it... but i expect it to be below 1ms.
AFAIK you need a cross-connect if you want to be <1ms - not sure of LMax does that for private clients. Theoretically, the fastest possible way to trade would be a colocated server cross-connected to the matching engine and sponsored access (=bypassing margin checks which add to latency too - but you need a MTF member to grant you that, both is probably not happening).
  • #1,547
  • Dec 6, 2012 9:56am Dec 6, 2012 9:56am
Quoting surfeur
Ultimate6 u use api java/c# or FIX ?
it is the c# api at the moment. I will move over to FIX sometime.
  • #1,548
  • Dec 6, 2012 9:58am Dec 6, 2012 9:58am
Quoting shrike
AFAIK you need a cross-connect if you want to be <1ms - not sure of LMax does that for private clients. Theoretically, the fastest possible way to trade would be a colocated server cross-connected to the matching engine and sponsored access (=bypassing margin checks which add to latency too - but you need a MTF member to grant you that, both is probably not happening).
I think if you're serious enough they can help you out perhaps.
  • #1,549
  • Dec 6, 2012 10:01am Dec 6, 2012 10:01am
Quoting shrike
AFAIK you need a cross-connect if you want to be <1ms - not sure of LMax does that for private clients. Theoretically, the fastest possible way to trade would be a colocated server cross-connected to the matching engine and sponsored access (=bypassing margin checks which add to latency too - but you need a MTF member to grant you that, both is probably not happening).
i was talking strictly about network ping latency to the LMAX gateway, of coarse the complete order->execution->confirmation latency is something different.
I'm not insane; my mother had me tested.
  • #1,550
  • Dec 6, 2012 10:07am Dec 6, 2012 10:07am
From tsohost.uk there are :

# ping 91.215.165.45
PING 91.215.165.45 (91.215.165.45) 56(84) bytes of data.
64 bytes from 91.215.165.45: icmp_seq=1 ttl=239 time=10.3 ms
64 bytes from 91.215.165.45: icmp_seq=2 ttl=239 time=10.3 ms
64 bytes from 91.215.165.45: icmp_seq=3 ttl=239 time=9.65 ms
64 bytes from 91.215.165.45: icmp_seq=4 ttl=239 time=9.66 ms
64 bytes from 91.215.165.45: icmp_seq=5 ttl=239 time=9.64 ms
64 bytes from 91.215.165.45: icmp_seq=6 ttl=239 time=10.2 ms

10 ms latency for api.lmaxtrader.com...
  • #1,551
  • Dec 7, 2012 2:50am Dec 7, 2012 2:50am
Unless you are wanting to control the specific hardware that you are using on-site, it would be much cheaper to lease a VPS or even co-locate a server with a dedicated server provider near the datacenter you want to trade, as the cost of the server (which will include managed uptime, hardware, multiple redundant internet connections, electric, etc) would be cheaper than just leasing the line separately and having to maintain your own hardware and redundancy. You would probably need 1-2 other full time people to manage such hardware, as you can only focus on so many things at once (either developing and managing the trading system, or the hardware).

Maybe a day will come where that won't be necessary. But until then, managed server / vps is the way to go to be as close to the exchanges as possible in a cost effective way.
Measure trends automatically with zero lag
  • #1,552
  • Dec 7, 2012 7:17pm Dec 7, 2012 7:17pm
I think 100ms more or less is not the key point in non-HFQ trading - much more important is the spread. Entering a trade at a moment where the spread is 2 pips, as to a normal of 0.4 pips, is a high risk entry trading a low time frame. You are already 2 pips down at the entry. In today´s noisy market, price and spread fluxate during 1 sec time due to crossing orders - a delay in an order entry might in fact be a good entry, to be in sync with the tiny pull-backs, place a LMT order at minus 0.5 pips fill-or-kill-and you are likely to get the fill. Such entry is a tiny pull back entry. Fill-or-kill orders might have priority over other orders, depending of the exchange - the exchange is after all a business wanting to have FILLS.
  • #1,553
  • Dec 10, 2012 4:45am Dec 10, 2012 4:45am
Can somebody explain how is it possible to have 0 spread? If you have bid and ask at the same exact price, why those orders are not automatically matched by LMAX exchange?
  • #1,554
  • Dec 10, 2012 4:50am Dec 10, 2012 4:50am
Quoting retty
Can somebody explain how is it possible to have 0 spread? If you have bid and ask at the same exact price, why those orders are not automatically matched by LMAX exchange?
Marketmakers are not matched against each other - only marketmaker to client and client to client orders are matched.
  • #1,555
  • Dec 10, 2012 4:26pm Dec 10, 2012 4:26pm
Looks like LMAX may be for sale:

http://www.thetimes.co.uk/tto/busine...cle3624735.ece

http://forexmagnates.com/lmax-report...ck-at-betfair/
Cap
  • #1,556
  • Dec 11, 2012 7:30am Dec 11, 2012 7:30am
Quoting The Captain
Looks like LMAX may be for sale:

http://www.thetimes.co.uk/tto/busine...cle3624735.ece

http://forexmagnates.com/lmax-report...ck-at-betfair/
i would buy it !
  • #1,557
  • Dec 11, 2012 12:20pm Dec 11, 2012 12:20pm
Found this on the web. LMAX spreads during the release of latest US non-farm payrolls data:
Inserted Video
  • #1,558
  • Dec 11, 2012 12:58pm Dec 11, 2012 12:58pm
Quoting BennyB
Found this on the web. LMAX spreads during the release of latest US non-farm payrolls data:http://www.youtube.com/watch?feature...&v=yBmg5qL9jFQ
This never happened to me,max spread i've seen on euro/usd is 1.6 Please note that Armada markets uses LMAX as liquidity provider and they add their own spread markup.

P.S Please keep this thread to LMAX only,if you want to disccuss about Armada markets,go to their thread

Regards
  • #1,559
  • Dec 11, 2012 1:35pm Dec 11, 2012 1:35pm
Does Armada now have additional liquidity from Citi, like someone previously said in this thread, or is it 1:1 LMax prices?
  • #1,560
  • Dec 11, 2012 2:06pm Dec 11, 2012 2:06pm
Quoting PrymeTyme
i would buy it !
Maybe we can join forces ? Other people interested ?
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