Correlix has introduced Latency Intelligence 1.5, an upgrade designed to optimise infrastructure performance based on proprietary correlation technology. Latency Intelligence 1.5 includes an enhanced multi-route engine, upgraded database and global protocol agnostic tools to provide detailed latency analysis and empower clients take rapid corrective action.
In today’s ultra-competitive financial environments, electronic trading systems not only require but also demand the greatest possible advantage in the delivery and receipt of market data and in the execution of trades. Electronic trading algorithms are essentially responsible for determining an organisation’s survival, as most trading systems input company information, analyst recommendations or security execution orders as the basis for their trading decisions.
Latency measurement outfit Trading Metrics has been forced to close down after failing to secure fresh funding. With a possible merger with another, undisclosed network services provider having fallen through, the company’s three main developers are now attempting to acquire the rights to the product and software in order to continue in a more streamlined version, according to sources familiar with the situation.
Many factors impact latency, from data throughput, to network design, to server workload to application architecture – and none of them are ever constant. That is why monitoring and measurement are imperative. We talk to Paul Doyle, technical marketing manager at Endace, about the challenges of monitoring, micro-bursts and being the ‘Official time keepers of the low latency race’.
Running time: 7 minutes 39 seconds. Click the play button below to listen now:
Connectivity and network services provider Fixnetix has gone live with 4th Story’s 4S.Cascades market data feed diagnostic system, allowing it to compare data feeds based on a range of key metrics, such as conflation and relative latency.
Fixnetix, a provider of ultra-low latency market data, is deploying CorvilNet to monitor latency and demonstrate record performance speed to its customers. CorvilNet monitors, analyses and optimises electronic trading infrastructures against ultra-low latency objectives encompassing market data feeds and order execution traffic.
Correlix Ltd., a provider of what it dubs “latency intelligence solutions” that monitor and analyse trading execution and market-data flows in real-time, has secured funding from Vernon & Park Capital, a private equity firm that specialises in the exchanges and financial markets sector. Correlix will use the new financing to further enrich its Latency Intelligence solutions and to expand globally to meet the demands of its growing, global customer base.
Turquoise, the pan-European trading platform established by Europe’s leading investment banks, has deployed Corvil’s CorvilNet to monitor trading systems within its London-based market center. Corvil’s global client base encompasses leading market centers, investment banks, hedge funds and allied service providers. CorvilNet monitors, analyses and optimises electronic trading infrastructures against ultra low-latency objectives, encompassing market data feeds and order execution traffic.
StreamBase Systems, a provider of complex event processing software (CEP), today announced that BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, has deployed the StreamBase CEP platform for their US based electronic trading operations.
Fremont, California-based ClearSight Networks, a specialist in the area of network monitoring and analysis, plans this month to introduce a new product for the financial markets focused on latency monitoring and identifying packet loss. To date, the company has introduced solutions for monitoring and long term storage and analysis for IPTV, VoIP and data mining applications.
Click here for a whitepaper outlining ClearSight’s approach to latency monitoring.
Trading Systems Associates, Voltaire and Accolade Technology have announced TipOff - Wombat Data Fabric Edition, a new variant of TS-Associates’ middleware monitoring product, incorporating software developed by Voltaire and hardware developed by Accolade.
Tora, a provider of electronic trading systems and access to liquidity for Asia, has deployed software from Trading Metrics, a privately held company with venture-backed funding from VantagePoint Partners, to measure and alert on trading latency, incorporating latency data into customer execution reports. The upshot is that Tora’s clients should going forward understand that if delays are occurring, where latency issues are arising.
Before one can accurately measure latency across a network, it’s important to make sure that all the devices connected to that network are running to precisely the same time. Endace recently rolled out support for the IEEE1588 specification, designed to achieve that synchronisation. And alongside the technology, the company also launched its new positioning as the “Official Timekeepers of the Low Latency Race.” Low-Latency.com asked Endace Technical Marketing Manager Paul Doyle about 1588 and the new focus.
Corvil, a latency management systems provider for trading network infrastructure, has unveiled CorvilNet 5.0 - the latest version of its product designed to continuously monitor, analyse and optimise network infrastructure with microsecond granularity to meet the real-time performance and analytical requirements of high frequency electronic trading.
Trading network infrastructure latency management systems provider Corvil has secured $12 million in a new round of funding from Vesbridge Partners, which joins existing investors ACT Ventures and APAX Partners, to lead the new round. Vesbridge’s Zenas Hutcheson has been named to Corvil’s Board of Directors.
Corvil, a technology and market leader in latency management systems for trading network infrastructure, has announced a global deployment of its flagship CorvilNet product in Credit Suisse, one of the world’s leading banks. Corvil teamed with BT to deliver a best-in-class solution for automatic and continuous monitoring, analyzing and optimizing of the Credit Suisse network for low-latency.
Trading Metrics has released a solution for tracking the speed at which trades are received, routed and executed by exchanges, dubbed Trading Latency Metrics at SIFMA 08 in New York last week.
Low latency monitoring specialist Endace and Infiniband networking provider Voltaire are working together to provide passive monitoring capabilities for Infiniband-based interconnects for high performance computing and low latency environments.
Together, Endace and Voltaire are offering solutions that passively capture traffic on single data rate (10 gigabits/second) and double data rate (20 gigabits/second) links, measure packet delay and jitter and deliver visibility across the entire network infrastructure, with zero impact on network performance.
Low latency monitoring solution provider Endace has added IEEE1588 support to its DAG (Data Acquisition and Generation) monitoring card, providing a more practical and less expensive method for clock synchronization in a distributed environment.
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