MetricIntermediate
Latency
The time delay between submitting a trade order and its execution, typically measured in milliseconds.
Last updated: February 1, 2026
1
The client's platform sends the order over the internet to the broker's server.
2
Network latency accounts for the transmission time (varies by geographic distance and connection quality).
3
The broker's matching engine processes the order, adding processing latency.
4
If routing externally, additional latency is incurred communicating with the LP.
5
The LP processes and responds, and the confirmation travels back through the chain.
6
Total latency is the sum of all these components, typically measured in milliseconds.