Financial Trading, Now at the Speed of Light
By siliconindia   |   Wednesday, 09 November 2011, 01:41 IST
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"Algorithmic trading is coming up in a big way and will grow rapidly as more firms adopt the technology," said Srinivasan, who is based in Mumbai. "Automated trading is huge internationally. In developed markets, algo trading is the major contributor to turnover."
selling of shares
The nation's biggest exchange, NSE and BSE kick started high speed trading in 2009. With the introduction of high speed trading the cutting process was also a new jargon. Tokyo Stock Exchange Group Inc. introduced its Arrowhead platform that cut processing to 5 milliseconds from 2 to 3 seconds. Australia's ASX in December moved to a platform that reduced the average time to 250 microseconds from 3 milliseconds. High-frequency trading has helped cut costs and narrowed the gap between the price that a buyer is willing to pay and what a seller wants to receive.

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