Comment on IEX Group Gains Approval for Stock ExchangeparentComments−evanpw10yThe Chicago Stock Exchange is 15 milliseconds away from all the others. There isn't much trading volume there, though [1].[1] http://batstrading.com/market_summary/−encoderer10yDerivatives are traded in massive volume on the Cboe which is why the time between New Jersey and Chicago is so important−evanpw10yThe CBOE matching engine is in New Jersey, along with the equities exchanges (http://www.automatedtrader.net/news/exchange-news/141860/cbo...). The Chicago-NJ latency race is more about futures traded on CME.
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The Chicago Stock Exchange is 15 milliseconds away from all the others. There isn't much trading volume there, though [1].
[1] http://batstrading.com/market_summary/
Derivatives are traded in massive volume on the Cboe which is why the time between New Jersey and Chicago is so important
The CBOE matching engine is in New Jersey, along with the equities exchanges (http://www.automatedtrader.net/news/exchange-news/141860/cbo...). The Chicago-NJ latency race is more about futures traded on CME.