What's crazy is the SIP is considered "slow" relative to the proprietary data feeds used by high frequency traders. Below 2019 comparison from Nasdaq:pic.twitter.com/wRp54j8mBe
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It takes 300,000 microseconds to blink your eye. It takes 19 microseconds to send equity market data through the SIP, the public data feed. The chart on the left shows SIP latency at scale; the chart on the right shows SIP latency in the context of the blink of an eye:pic.twitter.com/VnaomXt3NU
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