System and method for optimizing communication latency

A method, comprising:

• receiving, at a network appliance from a first location at a first time at an incoming data transfer rate, a first update for a first financial instrument;
• receiving, at the network appliance from the first location at a second time later than the first time at the incoming data transfer rate, a second update for the first financial instrument;
• transmitting, from the network appliance, a message indicative of the second update to a second location different from the first location over a wireless transmission line at outgoing data transfer rate less than or equal to a predetermined data transfer rate;
• and
• using a rate limiter of the network appliance:
• setting the predetermined data transfer rate based on a maximum data transfer rate of the wireless transmission line;
• and
• regulating the outgoing data transfer rate to ensure that the outgoing data transfer rate is less than or equal to the predetermined data transfer rate,
• wherein the predetermined data transfer rate is less than the incoming data transfer rate.