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Execution latency Meaning

Execution latency is the time delay between when a trading instruction is sent and when it is acknowledged or executed by a trading venue. In electronic and algorithmic trading, latency is measured in milliseconds or microseconds and is a key determinant of competitiveness, especially in fast-moving or highly volatile markets such as crypto.

Latency can arise at multiple points in the execution chain. Network latency occurs as data travels between the trader’s system and the exchange.

Processing latency is introduced by order validation, risk checks, and matching engine logic. Additional delays may come from market data feeds, blockchain confirmations, or intermediary infrastructure.

Even small delays can result in missed prices, increased slippage, or partial fills, particularly during periods of rapid price movement. In crypto markets, execution latency is especially relevant because liquidity is often fragmented across many venues and prices can move quickly.

Professional trading firms invest heavily in low-latency infrastructure, co-location, optimized APIs, and direct connectivity to reduce delays. Lower execution latency improves the probability of filling orders at intended prices and reduces exposure to adverse market movements.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to use this website for the services of Finery Markets if they don't fall within these categories.