Correlix, a leader in Latency Intelligence solutions that monitor, measure and analyze trade execution and market-data flows in real-time, today launched RaceTeam.
This new service offering extends Latency Intelligence to manage inter-party latency visibility in a shared environment to improve market data and trade execution processing.
"RaceTeam helps trading partners visualize latency performance at a granular level within their own firms as well as share relevant latency intelligence with their trading partners within a secure environment," said Shawn Melamed, CEO. "Our primary goal was to create a collaborative latency measurement and monitoring service for RaceTeam participants to enable them to improve order execution and trading services."
Market participants, service providers and execution venues participating in RaceTeam will operate within a shared latency intelligence platform. Specific trading parties can choose to securely exchange latency information with an agreed level of transparency for fast problem resolution. Market participants improve profitability of their trading strategies, service providers guarantee customer order flow and execution venues attract consistent order volume.
Options IT, a global provider of high-performance technology infrastructure to hedge funds, proprietary trading firms and brokerages, has joined the Correlix RaceTeam. As a member, Options IT will be alerted to latency bottlenecks in real-time ensuring they have the ability to provide their clients executing quantitative trading strategies with the ability to monitor and eliminate trading latencies at each step of the execution process.
"In today's volatile trading environment, it's essential that our high-frequency trading clients are able to execute orders with the lowest possible latency for successful trading," said Nigel Kneafsey, CEO of Options IT. "By joining the Correlix RaceTeam we can offer our clients real-time latency visibility as a part of our commitment to enhancing trading performance"