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Lime Brokerage Selects Correlix RaceTeam(TM) to Enhance Latency Transparency

October 19, 2010

NEW YORK, October 19, 2010 /PRNewswire/ — 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 Lime
Brokerage, an independent agency broker and leading provider of
high-throughput low latency technologies to the professional trading
community, has selected the Correlix RaceTeam latency measurement service.

Lime Brokerage chose to partner with Correlix in order to achieve full
latency transparency of its order processing and market data flows. The
RaceTeam service will enable Lime Brokerage to gain real-time latency insight
into its high-speed equities and options execution and market data services
including its new ultra-low latency exchange co-located LimeInside service.
The service will enable Lime Brokerage to provide Correlix certified latency
figures to its customers.

“We are excited to be rolling out Correlix’s RaceTeam service and
measuring our low latency services for our customers,” commented John Jacobs,
Director of Operations at Lime Brokerage. “We are confident that the
objective latency measurements provided by Correlix will provide valuable
insight for our customers to understand how their orders and market data are
being processed.”

RaceTeam is an objective latency measurement service that enables trading
firms to manage and share real-time Latency Intelligence with their customers
as well as receive objective real-time latency data from liquidity venues.
The RaceTeam service facilitates greater trading latency insight into each
transaction and leads to optimized trading strategies, improved customer
service and streamlined operations.

“We are very pleased that Lime Brokerage, widely recognized in the
industry as one of the fastest providers of execution and data services
available, has selected our RaceTeam service to measure and certify the
latency of its services,” explained Shawn Melamed, Founder, President and CTO
at Correlix. “More and more buy-side firms realize that placing an order with
a low latency broker requires complete latency transparency by the broker to
facilitate predictable trading strategies.”

Lime Brokerage will roll out the Correlix RaceTeam service into five
different data centers in the United States in the fourth quarter of 2010 and
the beginning of 2011.

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, visit http://www.correlix.com.

About Lime Brokerage

Providing customers with performance-engineered trading solutions that
deliver speed, scale and reliability is the hallmark of Lime Brokerage. Lime
integrates world-class advanced execution technology with clearing and
reporting services for seamless support of the most complex, automated and
high-volume electronic trading strategies. Our technology and trading
platform allows our customers to access an independent, agency-only system to
trade quickly, reliably and anonymously on multiple exchanges, ECNs and
trading venues. Clients include professional traders, hedge funds, asset
managers and broker-dealers. For more information about Lime Brokerage, visit
http://www.limebrokerage.com or email sales@limebrokerage.com.

    Press Contact for Correlix
    Tony Miller
    +1-617-418-3024
    tony@noteyamedia.com

    Press Contact for Lime Brokerage
    Mike Felix
    Lime Brokerage
    +1-212-824-5544
    mfelix@limebrokerage.com

SOURCE Correlix Inc


Source: newswire



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