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Asian Traders trading in CME Globex
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Asian Traders trading in CME Globex

  #1 (permalink)
Elite Member
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Asian Traders trading in CME Globex

Hi, I am currently located in the Philippines. I have been doing research on how to be able to trade in CME Globex having the least latency possible. We all know that having a fast low latency connection will be a huge benefit when trading. I know that the main information exchanges in Asia are in Tokyo, Hong Kong and Singapore.

Now my question is, what do you guys do or suggest to minimize latency when trading in CME Globex. Some of the research I came up are:

1. Get a dedicated or leased internet line.
2. Open an account with any CME brokers located in Singapore or Hong Kong.

As for number 1, we somehow have local telcos offering direct or leased line with a higher price. At least, I think that may be doable in my end.

I have no idea with number 2. If Singapore or Hong Kong CME brokerages offer lower latency connections in Globex. Another problem is the platforms, mostly, some brokers offer only CQG or TT.

Any ideas from fellow Asians would be very very much appreciated.

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  #2 (permalink)
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  #3 (permalink)
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I would suggest doing a search for latency and reading the existing threads...

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  #4 (permalink)
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I'm in Thailand

There's a physical limitation on latency through optical networks - so you are unlikely to get below 300ms.

I know traders in the US that have 30-40ms latency.

So we are a quarter of a second behind.

To be honest, I get more delay that than if I had a beer at lunchtime.

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  #5 (permalink)
Normal Wizard
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What products are you trading? I used to trade the Asian session but I found that volatility was just too low, with CL at least.

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  #6 (permalink)
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There's no way 300ms of latency is going to affect any sound trading plan. The only type of trading it would affect would be HFT - and you would not do that with a leased line from Asia to Chicago, you would colocate servers right at the exchange. You also wouldn't be doing that without exchange membership because the costs would be killer - and that's just the tip of the iceberg (ha!).

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  #7 (permalink)
Market Wizard
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There is a common misconception for people to think about their latency to Chicago/Aurora IL which is where Globex is. In reality, that may not be where you quotes are coming from though, and you need to be concerned about your latency to where your price feed comes from, and what their quote latency is. Things like where the "risk/credit check" is done can also greatly effect you ability to trade in a timely/fast manner.


Big Mike View Post
I would suggest doing a search for latency and reading the existing threads...

Mike

This +1.

i960 View Post
There's no way 300ms of latency is going to affect any sound trading plan. The only type of trading it would affect would be HFT - and you would not do that with a leased line from Asia to Chicago, you would colocate servers right at the exchange. You also wouldn't be doing that without exchange membership because the costs would be killer - and that's just the tip of the iceberg (ha!).

Not really correct.
There are a lot of spreader and Algo strategies, that aren't what people traditionally think of being HFT, where 300ms can make a huge difference.
Also 300ms is one direction... so add in the 300ms latency to send an order back and your now at 600ms...

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  #8 (permalink)
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SMCJB View Post
Not really correct.
There are a lot of spreader and Algo strategies, that aren't what people traditionally think of being HFT, where 300ms can make a huge difference.

Anything involving absolute timing such as auto-spreading or other similar stuff will still fall within the realm timing dependent strategies. Obviously it's not high speed scalping but for the intent of what he's concerned with, I'd say the concern would still be similar. My assumption is that if he were interested in anything latency dependent he'd already be looking into colocation or similar solutions.


SMCJB View Post
Also 300ms is one direction... so add in the 300ms latency to send an order back and your now at 600ms...

Consistent RTT should be around ~190ms between Manila and Chicago and ~170ms between Manila and the West Coast. Not sure where 300ms one way came from but it would probably be a safe worst case RTT to use.

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  #9 (permalink)
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i960 View Post
Anything involving absolute timing such as auto-spreading or other similar stuff will still fall within the realm timing dependent strategies. Obviously it's not high speed scalping but for the intent of what he's concerned with, I'd say the concern would still be similar. My assumption is that if he were interested in anything latency dependent he'd already be looking into colocation or similar solutions.

For a discretionary trader, I don't think colocation or VPS would solve the latency issues. If you still trade manually (let's say scalping manually), it wouldn't be feasible to have a VPS located in the US while you are located somewhere having a latency of 300ms or greater. Why? The latency from the VPS to Chicago and vice-versa would be low and that is GOOD. However, the latency from your location to the VPS would still be high. Not good in my book.

I'm not connected with CQG or TT but I've heard they have gateways in Asia. Has someone using CQG or TT by any chance tried connecting to these gateways and have experienced lower latency thank connecting directly to Chicago gateways? I'm dying to know.

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