The accomplishment of a given task measured against highest known standards of accuracy, completeness, cost, and speed.
Low latency describes a network and hardware that is optimized to process a very high volume of data messages with minimal delay (latency). These equipment is designed to support operations that require real-time access to rapidly changing data.
High-frequency trading (HFT) is a type of algorithmic trading characterized by high speeds, high turnover rates, and high order-to-trade ratios that leverages high-frequency financial data and electronic trading tools. Specifically, it is the use of sophisticated technological tools and computer algorithms to rapidly trade securities. Proprietary trading strategies carried out by computers to move in and out of positions in seconds or fractions of a second.
SMART refers to criteria for setting goals and objectives, namely that these goals are: Specific, Measurable, Attainable, Relevant, and Time-bound.
"It's not what happens to you, but how you react to it that matters." -Epictetus