CME Group Says It’s Improving Technology to Address Time Lags
This article is for subscribers only.
CME Group Inc., the world’s largest futures exchange, said it’s improving its technology to reduce the time between when some customers see trade details and the information is released to the public.
The Chicago-based company was responding to a story in the Wall Street Journal today that said some high-frequency traders can use time lags, or latency, to gauge the price direction of futures markets to their advantage. The newspaper didn’t name the traders that used this strategy or describe the profit they earn from it.