thanks everyone. With your help I resolved my latency problem.
Originally the audio device was WavOUT which had ~200mSec.
I switched it to WASAPI and I was able to reduce it to ~40mSec.
I downloaded and installed ASIO4ALL and with a couple of teaks, I was able to get it down to 8mSec! which is perfect.
Really appreciate it.
Is there anything even faster than ASIO??? Just curious.
Thanks again for the help