Time for chief latency officer?

Latency is a huge issues these days; people still bring up that Tabb Group report that made clear that low latency is a matter of business survival. No one can ignore it. At a Wall Street & Technology conference recently, Saro Jahani, CIO of the National Stock Exchange, said he wouldn't be surprised "if the newest title on the Street was that of a Chief Latency Officer."

The CLO? Some may immediately think of collateralized loan obligation. I doubt we'll see this title proliferate anytime soon, but there will likely be more latency czars at companies whose job is to see the big picture across the entire trading enterprise. Most assume the issue has become important beyond algo hedge funds and the likes, to anyone who trades has a stake in faster feeds and services.  

For more:
- here's an article from Advanced Trading

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