Latency is the physical delay caused by the electrical signals passing through the various copper and fiber infrastructure that make up the core of communications networks. We measure it as the time it takes for a packet of information to reach your broker and come back. Ultra-low latency trading offers tremendous advantages for the trader because price quotes are received and orders entered before most other traders receive the same quote (usually several times over)
http://www.commercialnetworkservices.com/VPS/Windows/Traders/?a_aid=1e4ad7e9
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