AMBER
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EXECUTION ANALYTICS
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SESSION 2024-Q4
SLIDE 04
Latency Kills Alpha
Order fill rate drops 76% when execution exceeds 25ms
ORDER FILL RATE BY EXECUTION LATENCY BUCKET — 847M ORDERS AGGREGATED
FILL RATE %
100
75
50
25
0
94.2%
87.6%
71.3%
52.8%
34.1%
18.7%
<1MS
1-2MS
2-5MS
5-10MS
10-25MS
>25MS