Pro Tools 10 Axe FX II Help

Hey guys,

So I recently made the switch from Reaper to Pro Tools 10 and I seem to have something configured incorrectly. Whenever I arm a track and start jamming on through my Axe-FX II, I get this delayed playback that comes through my speakers almost like a delay, and it's annoying as hell. Never experienced this with Reaper, how do I get rid of it?
 
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