{"id":"https://openalex.org/W1636641223","doi":"https://doi.org/10.1109/isit.2015.7282830","title":"Communication strategies for low-latency trading","display_name":"Communication strategies for low-latency trading","publication_year":2015,"publication_date":"2015-06-01","ids":{"openalex":"https://openalex.org/W1636641223","doi":"https://doi.org/10.1109/isit.2015.7282830","mag":"1636641223"},"language":"en","primary_location":{"id":"doi:10.1109/isit.2015.7282830","is_oa":false,"landing_page_url":"https://doi.org/10.1109/isit.2015.7282830","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2015 IEEE International Symposium on Information Theory (ISIT)","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5051103207","display_name":"Mina Karzand","orcid":"https://orcid.org/0000-0001-9673-4743"},"institutions":[{"id":"https://openalex.org/I63966007","display_name":"Massachusetts Institute of Technology","ror":"https://ror.org/042nb2s44","country_code":"US","type":"education","lineage":["https://openalex.org/I63966007"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Mina Karzand","raw_affiliation_strings":["Massachusetts Institute of Technology","Massachusetts Institute Of Technology, USA"],"affiliations":[{"raw_affiliation_string":"Massachusetts Institute of Technology","institution_ids":["https://openalex.org/I63966007"]},{"raw_affiliation_string":"Massachusetts Institute Of Technology, USA","institution_ids":["https://openalex.org/I63966007"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5065423139","display_name":"Lav R. Varshney","orcid":"https://orcid.org/0000-0003-2798-5308"},"institutions":[{"id":"https://openalex.org/I157725225","display_name":"University of Illinois Urbana-Champaign","ror":"https://ror.org/047426m28","country_code":"US","type":"education","lineage":["https://openalex.org/I157725225"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Lav R. Varshney","raw_affiliation_strings":["University of Illinois at Urbana-Champaign","University of Illinois at Urbana\u2013Champaign, USA"],"affiliations":[{"raw_affiliation_string":"University of Illinois at Urbana-Champaign","institution_ids":["https://openalex.org/I157725225"]},{"raw_affiliation_string":"University of Illinois at Urbana\u2013Champaign, USA","institution_ids":["https://openalex.org/I157725225"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5051103207"],"corresponding_institution_ids":["https://openalex.org/I63966007"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":{"value":0.03724954,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":94},"biblio":{"volume":"11","issue":null,"first_page":"2121","last_page":"2125"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11031","display_name":"Game Theory and Applications","score":0.9868999719619751,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12002","display_name":"Computability, Logic, AI Algorithms","score":0.9829000234603882,"subfield":{"id":"https://openalex.org/subfields/1703","display_name":"Computational Theory and Mathematics"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/nash-equilibrium","display_name":"Nash equilibrium","score":0.8003466129302979},{"id":"https://openalex.org/keywords/arbitrage","display_name":"Arbitrage","score":0.7266821265220642},{"id":"https://openalex.org/keywords/latency","display_name":"Latency (audio)","score":0.671019971370697},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.6018252968788147},{"id":"https://openalex.org/keywords/software-deployment","display_name":"Software deployment","score":0.5078423619270325},{"id":"https://openalex.org/keywords/coding","display_name":"Coding (social sciences)","score":0.45881161093711853},{"id":"https://openalex.org/keywords/game-theory","display_name":"Game theory","score":0.45700395107269287},{"id":"https://openalex.org/keywords/algorithmic-trading","display_name":"Algorithmic trading","score":0.44281086325645447},{"id":"https://openalex.org/keywords/stackelberg-competition","display_name":"Stackelberg competition","score":0.4366075098514557},{"id":"https://openalex.org/keywords/computer-network","display_name":"Computer network","score":0.363175630569458},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.34104520082473755},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.33075591921806335},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.2575153708457947},{"id":"https://openalex.org/keywords/telecommunications","display_name":"Telecommunications","score":0.2549940347671509},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.15370440483093262},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.1090967059135437}],"concepts":[{"id":"https://openalex.org/C46814582","wikidata":"https://www.wikidata.org/wiki/Q23389","display_name":"Nash equilibrium","level":2,"score":0.8003466129302979},{"id":"https://openalex.org/C160623529","wikidata":"https://www.wikidata.org/wiki/Q273088","display_name":"Arbitrage","level":2,"score":0.7266821265220642},{"id":"https://openalex.org/C82876162","wikidata":"https://www.wikidata.org/wiki/Q17096504","display_name":"Latency (audio)","level":2,"score":0.671019971370697},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.6018252968788147},{"id":"https://openalex.org/C105339364","wikidata":"https://www.wikidata.org/wiki/Q2297740","display_name":"Software deployment","level":2,"score":0.5078423619270325},{"id":"https://openalex.org/C179518139","wikidata":"https://www.wikidata.org/wiki/Q5140297","display_name":"Coding (social sciences)","level":2,"score":0.45881161093711853},{"id":"https://openalex.org/C177142836","wikidata":"https://www.wikidata.org/wiki/Q44455","display_name":"Game theory","level":2,"score":0.45700395107269287},{"id":"https://openalex.org/C78508483","wikidata":"https://www.wikidata.org/wiki/Q139445","display_name":"Algorithmic trading","level":2,"score":0.44281086325645447},{"id":"https://openalex.org/C199510392","wikidata":"https://www.wikidata.org/wiki/Q1184602","display_name":"Stackelberg competition","level":2,"score":0.4366075098514557},{"id":"https://openalex.org/C31258907","wikidata":"https://www.wikidata.org/wiki/Q1301371","display_name":"Computer network","level":1,"score":0.363175630569458},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.34104520082473755},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.33075591921806335},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2575153708457947},{"id":"https://openalex.org/C76155785","wikidata":"https://www.wikidata.org/wiki/Q418","display_name":"Telecommunications","level":1,"score":0.2549940347671509},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.15370440483093262},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.1090967059135437},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/isit.2015.7282830","is_oa":false,"landing_page_url":"https://doi.org/10.1109/isit.2015.7282830","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2015 IEEE International Symposium on Information Theory (ISIT)","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17","score":0.44999998807907104}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":11,"referenced_works":["https://openalex.org/W410570310","https://openalex.org/W1552949382","https://openalex.org/W1834588469","https://openalex.org/W2034101986","https://openalex.org/W2048690790","https://openalex.org/W2088208366","https://openalex.org/W2106864314","https://openalex.org/W2129651828","https://openalex.org/W2761971020","https://openalex.org/W2950067144","https://openalex.org/W3122884694"],"related_works":["https://openalex.org/W2733656312","https://openalex.org/W2976114880","https://openalex.org/W2328458106","https://openalex.org/W2605497830","https://openalex.org/W3169439878","https://openalex.org/W2062756478","https://openalex.org/W2948291551","https://openalex.org/W4312141693","https://openalex.org/W1536009559","https://openalex.org/W1969185016"],"abstract_inverted_index":{"The":[0],"possibility":[1],"of":[2,13,41,92],"latency":[3,50],"arbitrage":[4,51],"in":[5],"financial":[6,19],"markets":[7],"has":[8,71],"led":[9],"to":[10,48],"the":[11,75],"deployment":[12],"high-speed":[14],"communication":[15],"links":[16,22],"between":[17,64],"distant":[18],"centers.":[20],"These":[21],"are":[23,59,88,107],"noisy":[24],"and":[25,66,105],"so":[26],"there":[27,87,97,106],"is":[28,98],"a":[29,38,72,99],"need":[30],"for":[31,95],"coding.":[32],"In":[33],"this":[34],"paper,":[35],"we":[36,85],"develop":[37],"game-theoretic":[39],"model":[40],"trading":[42],"behavior":[43],"where":[44],"two":[45,89,108],"traders":[46],"compete":[47],"capture":[49],"opportunities":[52],"using":[53],"binary":[54],"signalling.":[55],"Different":[56],"coding":[57],"schemes":[58],"strategies":[60],"that":[61],"trade":[62],"off":[63],"reliability":[65],"latency.":[67],"When":[68],"one":[69],"trader":[70,77],"better":[73],"channel,":[74],"second":[76],"should":[78],"not":[79],"compete.":[80],"With":[81],"statistically":[82],"identical":[83],"channels,":[84],"find":[86],"different":[90,112],"regimes":[91],"channel":[93],"noise":[94],"which:":[96],"unique":[100],"Nash":[101,109],"equilibrium":[102],"yielding":[103],"ties;":[104],"equilibria":[110],"with":[111],"winners.":[113]},"counts_by_year":[{"year":2019,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}