An analog transceiver having low latency for processing a received RF/MW signal and modifying the received RF/MW signal into a modified RF/MW signal prior to transmission of the modified RF/MW signal. The analog transceiver comprises a receiving antenna; a direct conversion receiver, coupled with the receiving antenna, for splitting the received RF/MW signal into an in-phase portion and a quadrature portion; an analog signal processing device, having a plurality of actuatable switches, for modifying the in-phase and quadrature portions and outputting modified signals while only introducing minimal latency during processing; a direct conversion transmitter, for receiving the suitably modified in-phase and quadrature portions and forming the modified RF/MW signal; and a transmitting antenna for receiving the modified RF/MW signal and transmitting the modified RF/MW signal.