Paris-based trading technology group QuantHouse has created a customized microchip that will allow customers to implement trades with latencies as low as 0.6 microseconds, or 600 nanoseconds, through its application, Financial Times reports. The microchip leverages QuantHouse’s knowledge of the financial industry, software and electronics.
The industry is seeking to enhance the efficiency of computers and reduce latency. In spite of uncertain financial markets, high-frequency trading firms, hedge funds and banks are looking to use the fastest tools available to beat competition to trades.
Click here for the story from Financial Times.