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>Err, No. You can parse FIX with an FPGA if you feel like it.

That's true but no one said you couldn't. What I said was that FIX based feeds would be slower than binary ones. I stand behind this.

I also said that some binary feeds come with an FPGA card for parsing them, you are of course free to use your own FPGA to parse a fix feed or binary feed, but the binary feed will be faster due to it being smaller.

>The differential will be CoLocation vs dedicated line vs internet delivery on a base level and then differing subsets of feeds to varying liquidity pools.

This is wrong, but its not your fault, its clear you aren't in the industry or really understand it at all and that's ok.

Colocation is part of what you pay for, but the latency and bandwidth of the feed itself also is part of what you pay for. You'll also pay for the type of data you receive and the SLA contract that dictates how fast you'll receive your data at the 99.99% level.

Feel free to mail me if you'd like to learn more!



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