Correlix Unveils RaceTeam(TM) 3.0 to Automate Real-Time Latency Trading Decisions
provider of Latency Intelligence(TM) solutions for monitoring, measuring and
analyzing order execution and market-data flows in real-time, today announced
the release of version 3.0 of its RaceTeam latency monitoring service.
RaceTeam 3.0 includes the industry’s first market latency data feed. The
new version of the RaceTeam service also introduces new capabilities to
monitor and alert on other real-time trading events, including unacknowledged
and stuck orders. RaceTeam 3.0 utilizes Correlix’s proprietary patent-pending
technology for processing real-time order and market data traffic and
extracting real-time latency data.
“High frequency traders and sell side firms are looking to use latency
information as actionable data. RaceTeam 3.0 enables traders and developers
to automatically tune trading strategies based on dynamic latency conditions.
With the high level of fragmentation and velocity of price changes in the
market, it is no longer about what is the best price out there, but whether
what is the best price that can be obtained at any particular microsecond,”
With Correlix’s first industry market latency feed, RaceTeam customers
have the ability to configure and read the real-time latency feed, which
includes comparative latency metrics, such as the latency arbitrage between
different stocks to adjust strategies for market making or statistical
RaceTeam 3.0 also improves the operational monitoring capabilities by
adding the ability to monitor other related real-time order issues, including
unacknowledged orders or stuck orders.
“We have many customers that get impacted by undue exposure related to
orders that are not being acknowledged or are dropped. The new functionality
we provide in this version of RaceTeam enables customers to track these
events and receive alerts in real-time to remedy any developing issue before
it impacts the business,” said Mr. Melamed.
The Correlix RaceTeam service is an industry wide real-time Latency
Intelligence(TM) network that includes many key market players including
firms such as NASDAQ OMX Group, Schneider Group and Interactive Data.
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
Correlix is backed by prominent venture capital groups Sequoia Capital,
Genesis Partners, Blumberg Capital, Vernon & Park Capital, L.P. and Xenia
For more information, please visit http://www.correlix.com. Press Contact Tony Miller United States: +1-617-418-3024 Israel: +972-544-870-808 firstname.lastname@example.org
SOURCE Correlix Inc