McKay Brothers Lowers Latency on US Treasury Triangle

McKay Brothers, a provider of telecom networks for latency sensitive traders and risk managers of banks, funds and trading firms, today announced a latency reduction in its industry-leading millimetre wave link between Carteret and Secaucus-NY2 to as low as 182 microseconds per round trip.

The improved performance is the culmination of McKay’s ongoing effort to eliminate excess latency through route improvements, data center optimization and network equipment upgrades.

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McKay Brothers co-founder Bob Meade said: “The trading of US Treasury instruments is extremely competitive. It is essential for Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers and other market participants to use the best low latency telecom infrastructure.”

It is essential for Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on Read this Term and other market participants to use the best low latency telecom infrastructure.

McKay Brothers offers private bandwidth at the lowest known latency on each leg of the so-called Treasury Triangle. US Treasury futures are traded in Aurora, IL while cash treasuries are traded primarily on venues located in Carteret and Secaucus, NJ.

Meade added: “McKay provides all of our subscribers with the industry’s best latency. We believe this level playing field encourages participation from liquidity providers and contributes to robust markets.”

McKay affiliate Quincy Data uses the McKay network to deliver futures and cash market data at lowest known latencies.