RaceTeam will provide latency data for NYSE Euronext U.S. markets
Online PR News – 11-January-2011 – – New York, NY (January 10, 2011) - Correlix Inc., the operator of the industry leading RaceTeam™ service for monitoring, measuring and analyzing order and market data flows in real-time, today announced that NYSE Euronext, a leading global operator of multi-asset financial markets, is joining the Correlix RaceTeam™ latency measurement service.
The service offered through Correlix will be rolled out starting early this year in NYSE Euronext’s new Liquidity Center in Mahwah, New Jersey to provide additional latency performance insight into all US-based markets, including NYSE Classic, NYSE Arca Equities, NYSE Arca Options and NYSE Amex Options. The service will enable NYSE Euronext and its customers to monitor and manage their low latency trading infrastructures for order execution and market data. Furthermore, it will provide NYSE Euronext customers with greater latency transparency, including a breakdown of customer gateway and matching engine times, to help them optimize their trading strategies and better manage their ability to react to market opportunities.
“We are very pleased to join Correlix’s RaceTeam latency measurement service. This facility will offer critical latency transparency to our customers. As business transactions move through NYX trading applications within our datacenter, application latency information can be shared with the firms that initiate it,” said Paul Adcock, EVP, NYSE Euronext.
“We are delighted to welcome the NYSE Euronext exchange group into our RaceTeam service,” said Shawn Melamed, Founder, President and CTO at Correlix. “RaceTeam will provide NYSE Euronext customers with exceptional transparency into the latency performance of NYSE Euronext exchanges, which will enable them to trade more effectively and react quickly to changing latency conditions.”
RaceTeam is an objective venue-neutral service that enables trading firms to manage and receive real-time Latency Intelligence information from various trading venues. The RaceTeam service facilitates greater trading latency insight into each transaction and leads to optimized trading strategies, improved trade execution and streamlined inter-party latency problem resolution.
NYSE Euronext latency data is expected to be available on RaceTeam early this year. For RaceTeam subscription information, please contact your NYSE Euronext or Correlix representative.
Correlix Inc., a leader in latency intelligence solutions, offers RaceTeam™, the leading latency management service providing real-time latency visibility for buy-side, sell-side and liquidity venues. Customers rely on Correlix to monitor, measure and minimize latency in trade execution and market data flow in real-time. This empowers users to execute a trade or deliver and act on market data in fewer microseconds. The company's global client base encompasses the world's largest high frequency trading sell-side, buy-side and market centers as well as low-latency service providers. Many of the largest US exchanges are RaceTeam members, including NASDAQ OMX Group, DirectEdge and CBOE.
Correlix is headquartered in New York with offices in London and Israel. Correlix is backed by prominent venture capital groups Sequoia Capital, Genesis Partners, Blumberg Capital, Vernon & Park Capital, L.P. and Xenia Ventures.
For more information, please visit www.correlix.com.
Correlix Press Contact
+1 617 418 3024
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.
NYSE Euronext Press Contact
+1 212 656 2411