Algo Latency in Energy Markets

For trading teams running their own algorithmic engine in-house and reaching the exchange through a third-party API gateway: the latency number you were quoted only covers half the trip.

This document breaks down the leg that doesn’t show up in any vendor’s marketing, walks through what it actually costs in missed fills, and shows what changes when that leg is removed rather than just measured, including a live, round-trip benchmark on EPEX M7.

Download it to see where your real latency is hiding, and what a single-hop architecture looks like in practice.