The exchange is the focal point of HFT, where electronic buyers and sellers match in a complex web of systems and networks to set the price for assets around the world. I am also a former and current developer of exchange technology. To put that in perspective, 50 microseconds is the access latency for a modern As an example, during a period of six months the requirement for a functional trading system went from a Rates and the logarithmic decay in demanded latency.
Moore's law is of little comfort when compared with the exponential increase in Trading) systems operate and evolve at astounding speeds.
For a few wonderful years I led a group of brilliant engineers and mathematicians, and together we traded in the electronic marketplaces and pushed systems to the edge of their capability. Barbarians at the Gateways High-frequency Trading and Exchange Technology