Trading Metrics Co-Founder Joins Correlix

Richard Huddleston Joins Growing Latency Intelligence Provider

NEW YORK, March 17 /PRNewswire/ — Correlix Inc., a provider of Latency Intelligence(TM) solutions that monitors, measures and analyzes trading execution and market-data flows in real-time, today announced the appointment of Richard Huddleston as Senior Solutions Architect. Huddleston, who joined Correlix in February 2009 after co-founding Trading Metrics in 2003, will be based out of the company’s New York office.

Richard has over 15 years of experience of architecting, implementing, configuring and customizing latency solutions. In his new position, Richard will be responsible for engaging with Correlix customers on the buy-side, sell-side and liquidity venues to ensure successful Latency Intelligence deployments, upgrades and expansions.

Since 2003, Richard served as the Engineering VP of Trading Metrics, where he delivered revenue, and software integration development through high-level sales and alliance partnerships. Before founding Trading Metrics, Richard worked as a managing consultant at Greenwich Technology Partners within the Application, System and Network Performance Practice. Richard also was a partner at NetGain LLC and VP, Engineering R&D at Bear Stearns.

“The demand for Correlix’s Latency Intelligence solutions to manage high-frequency electronic trading environments has accelerated the expansion of the company. As clients continue to optimize their trading systems we will make strategic hires like Richard to accommodate our growth,” said Shawn Melamed, CEO of Correlix. “As one of the pioneers in measuring latency, Richard’s expertise combined with his technological know-how will ensure that our clients realize the value of latency intelligence across their trade execution and market data flow infrastructures.”

    CONTACTS:

    Metia (for Correlix)
    Sheryl Lee             Sheryl.lee@metia.com          +1-917-320-6462
    Tinne Teugels          Tinne@metia.com               +1-917-320-6458

About Correlix

Correlix Inc. provides Latency Intelligence(TM) software that pinpoints and quantifies sources of latency for the capital markets industry. 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 milliseconds. Correlix customers include capital market firms on the buy and sell-side and in exchange environments.

Established in 2005, Correlix is headquartered in New York with research and development offices in Israel. Correlix is venture financed by Sequoia Capital, Genesis Partners, Blumberg Capital, Vernon & Park Capital, L.P. and Xenia Ventures. For more information, visit www.correlix.com.

Latency Intelligence is a trademark of Correlix Ltd.

SOURCE Correlix Inc.