Correlix, 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.