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Correlix Names Daniel Connell as CEO

December 15, 2010

NEW YORK, December 15, 2010 /PRNewswire/ — Correlix Inc., the operator
of the industry-leading RaceTeam(TM) service for monitoring, measuring and
analyzing order and market data flows in real-time, announced today that the
company has named Daniel Connell as its new Chief Executive Officer. Mr.
Connell will be responsible for accelerating Correlix’s global growth and
extending the company’s leadership position for Latency Intelligence
solutions.

Mr. Connell brings to Correlix a wealth of executive leadership and
experience in the global financial information markets. Mr. Connell served as
Executive Managing Director at Standard & Poor’s Information Services
division for over ten years. Within that capacity, he also held the title of
CEO of ComStock, the real-time provider of global market data, which was
acquired by Interactive Data Corp (IDC). Post acquisition, Mr. Connell served
as the CEO of IDC’s Real-Time Services division. After that he was COO of
Xinhua Finance, a global financial information and media company, and he most
recently served as Executive in Residence at Spire Capital Partners.

“We are tremendously pleased to have an executive of Dan’s caliber
joining our management team and leading our company,” said Shawn Melamed,
Founder and President of Correlix. “His leadership experiences in real-time
market data and electronic trading coupled with his twenty plus year career
in the international financial information sector make him the ideal
executive to grow Correlix in the global real-time latency intelligence
market.”

“In the global electronic trading environment, real-time latency
transparency throughout the entire trade execution process is becoming a
default requirement for creating competitive advantages. Correlix is on the
forefront of monitoring technology and data provisioning that allows our
clients to optimize their trading strategies, operations and low latency
infrastructure,” explained Daniel Connell, new CEO of Correlix. “We are proud
that a number of high profile customers have recently joined our RaceTeam
service and we have strong expectations for continued growth in the coming
year and beyond.”

Correlix also recently announced that a number of prominent capital
market firms and exchange venues have joined the RaceTeam latency monitoring
service, including NASDAQ OMX Nordic, part of the NASDAQ OMX group and the
world’s largest exchange company, Chicago Board Options Exchange (CBOE), the
largest U.S. options exchange and creator of listed options, Lime Brokerage,
an independent agency broker and leading provider of high throughput low
latency technologies to the professional trading community, and Direct Edge,
America’s newest stock exchange.

About Correlix RaceTeam(TM)

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.

About Correlix

Correlix Inc., a leader in latency intelligence solutions, offers
RaceTeam(TM), the leading latency management service providing real-time
latency visibility for the 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 clients to execute
a trade or deliver and act on market data in fastest possible manner. The
company’s global client base encompasses the world’s largest high frequency
trading firms 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
    +1-617-418-3024
    tony@noteyamedia.com

SOURCE Correlix Inc


Source: newswire



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