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Non-Tech : DATEK Market Maker
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To: gbh who wrote (7)8/18/1998 3:12:00 PM
From: INFO_DART  Read Replies (1) of 48
 
I get a slow one (3-5 minutes) about every 15 to 20 trades. All others are virtually instantaneous, 1-5 seconds. There is some reason that I never see fills in between these time ranges. I think its software.<i/>

I too have observed this bimodal distribution of trade latencies. This is telling us something important about how the system is actually structured. Any hypotheses that might explain this observed behavior?
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