The Era of Ultra-Low Latency 25G Ethernet
Back in the early 2000s, store and forward networking was used by both market data providers, exchanges and customers executing electronic trading applications where the lowest latency execution can make the difference in a strategy from a profit to a loss. Moving closer to the exchange to reduce link latency, eliminating any unnecessary network hops, placing all feed handler and trading execution servers on the same switch to minimize transit time, and leveraging high-performance 10Gb NICs with embedded FPGAs all contributed to the ongoing effort to squeeze out every last microsecond to execute trades and gain a performance edge.
