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Correlix Accelerates Growth, Names Gil Shaked CEO

February 1, 2010

NEW YORK, February 1 /PRNewswire/ — Correlix, the leading provider of
Latency Intelligence(TM) solutions and the RaceTeam(TM) service provider,
today named Gil Shaked as chief executive officer. Shaked succeeds Shawn
Melamed
, Correlix’s founder, who will serve as the company’s president and
chief technology officer.

“2009 was a tremendous year for Correlix. Our sales grew on average more
than 200% per quarter for four straight quarters. In addition, we doubled our
staff, opened an office in London and achieved a global client base in the
US, Europe and Asia comprising some of the world premier Investment Banks,
Hedge Funds and Exchanges,” said Shawn Melamed, founder, president and CTO of
Correlix. “With Gil joining to lead our team, we are well positioned to scale
our operations to support our growing client base and solidify our market
leadership.”

“Latency has become the new currency of high frequency electronic
trading. Correlix’s unique approach to latency monitoring through the
pioneering RaceTeam(TM) and Latency Intelligence(TM) offerings provide
Algo-Traders the transparency and data they need to optimize their strategies
and improve overall trading and execution quality,” said Gil Shaked, CEO at
Correlix.

Shaked joins Correlix after a successful career spanning over 20 years of
global technology and management experience supporting trading clients across
the industry. During ten years at Credit Suisse, Shaked served as a managing
director and the global head of Prime Services and Alternative Investments
Technology. In this capacity, he spearheaded the development of a premier
hedge fund servicing platform including trading, risk management, prime
brokerage and reporting systems that enabled Prime Services to become a top
player in the financial industry. Shaked built a global team with operations
in New York, Chicago, London, Zurich, Hong Kong, Tokyo and Singapore serving
thousands of clients worldwide. The seasoned executive also held leadership
roles at Lehman Brothers, where he served as the global head of Credit and
Market Risk Technology as well as previous positions at Bankers Trust and
Citibank.

About Correlix

Correlix Inc., a leader in latency intelligence solutions, offers
RaceTeam(TM), 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.

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 http://www.correlix.com

    Press Contact

    Tony Miller
    United States: +1-617-418-3024
    Israel:        +972-544-870-808
    tony@noteyamedia.com

SOURCE Correlix Inc


Source: newswire



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