Overview
The High Precision Timestamp (HPT) product suite is designed for latency-sensitive market participants, including high-frequency traders (HFTs), quantitative traders, algorithmic traders, and high-performance trading (HPT) executions. This product suite offers valuable insights into the flow of orders within the T7® architecture, capturing timestamps as orders arrive at the outer boundary of the exchange’s network.
Key Features
- High Precision Timestamps (HPT) are calculated for Eurex, Xetra and EEX
- Latency Isolation: Allows participants to isolate the latency introduced by the network and accurately calculate the time delta to winning orders.
- Comprehensive Data Coverage: Data is available for all instruments traded on Eurex, Xetra, and EEX.
- Detailed Order Flow Information: Covers all market data updates, including order add, modify, delete, modify same priority, execution summary, and full and partial order executions.
Benefit
- Optimize Investment Strategies: The information allows clients to optimize their strategies and can be used for back-testing
- Enhanced Market Transparency: Provides a detailed view of market microstructure, helping participants understand the dynamics of order flow
HPT Executions File Services
- Calculated for immediately executed orders only
- Allows participants to isolate the latency introduced by the network and accurately calculate the time delta to winning orders
- Data available for all instruments traded on Eurex, Xetra and EEX
HPT All File Service
- Calculated for all market data updates, covering both aggressive and passive order flow
- Message types covered: Order add, modify, delete,modify same priority, execution summary, full and partial order executions
- Data available for all instruments traded on Eurex, Xetra and EEX
Data Details
- Data is provided in CSV format for orders sent via Co-location 2.0 Service
- HPT files are available the next day (T+1)
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