My trading style does not depend a lot on latency. I mostly enter with limit orders and do not try to chase the trend. But for market orders 200 msec can make a huge difference. If I was clever enough to run a profitable automated system, I would definitely rent a server close to the exchange.
The following user says Thank You to Fat Tails for this post:
Actual here in germany i use this as hardware base for running my own 4 sessions of virtual mashines under HyperV2008R2. Inside the VM's i use 64bit/Win7 for running NinjaTrader, MT4, one with a own Software, and one free for play&tests with any software...
Ping's to USA, CH, Hongkong i have under 100ms, lower i self dont need. Only in HongKong i have a own secondary StorageServer, while the transfer of no many short data packages is fast, only if i start a transmission of many megabytes, then my HK connection go from 10MBits down to 200KBits... For orders and normal HK datafeed this is no problem, only a database sync on working time i dont can do.
Before i use this variant with different local brokers/dataproveiders for US,HK & Eurex, i go the same way in compare to FatTail. I self connect fast from germany to a BrokerServer in CH and the Broker from CH has own good connections to all exchanges (better as i self).
(i a hardcore freak... for backtesting i use in a other IT center a IBM-BladeCenter with 14Blades a 4xCores/3GHz )
The following user says Thank You to TimeTrade for this post:
@TimeTrade, this thread is about Chicago servers, which is what majority of traders want.
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Great post Time Trade !! Thx for pointing out this European dedicated server host. Something I have been looking for the last weeks. They also have the newest (3th generation) intel i7-3930K for Euro 109,-a month. That cpu comes in second place on the cpu benchmark tests. bjorn97
Steadfast has been excellent. Not one single problem. Still get latency under 1ms. Sorry took me so long to answer this just saw it.
Going to a machine is chicago has been one of the best investments in trading I have ever made. Peace of mind and speed worth every penny.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
The following 6 users say Thank You to liquidcci for this post: