Under the agreement, Correlix will sell MicroStrategy Business Intelligence software as part of its Latency Intelligence suite.

"Customers can leverage unique real-time data sets generated by the Latency Intelligence suite to enhance their trading strategies, latency and risk management," said Shawn Melamed, CEO of Correlix. "Complementary to our unique real-time Latency Intelligence correlation capabilities this new enhanced Analytics Product couples finely-granular, latency data with the associated business context of the impacted trades."

The Correlix Latency Intelligence Suite version 1.9 will provide quant traders with real-time monitoring and measurement capabilities to enable decision making based on latency dashboards and post day advanced trade latency analytics. With immediate access to historic and trend reporting, traders have the ability to analyze additional trading dimensions that are impacted by latency as well as investigate trends to optimize their high frequency trading strategies.

"We are pleased that Correlix has selected MicroStrategy to provide enhanced reporting and analytics for their Latency Intelligence Suite," said Sanju Bansal, COO of MicroStrategy. "MicroStrategy's scalability for large volumes of data and easy-to-use analytical capabilities enable Correlix's clients to gain greater insight into latency at all levels, for a deeper understanding of trade events and the ability to identify potential risks."