TS-Associates, leaders in Precision Instrumentation of electronic trading systems, and developers of TipOff® and Application Tap®, today announced a cooperation agreement with NASDAQ OMX.
This agreement makes the TS-Associates Precision Instrumentation® product range available for NASDAQ OMX trading platforms, including support for NASDAQ OMX's proprietary protocols, used by the Genium INET and X-stream platforms. NASDAQ OMX also benefits from advantageous terms for the use of TipOff and Application Tap in its own exchange operations.
Ann Neidenbach, Senior Vice President, Global Technology Products and Services at NASDAQ OMX, says, "Our trading platforms provide many of the leading execution venues with the fastest and most scalable trading technology in the world. The addition of TS-Associates instrumentation products to our monitoring ecosystem enhances the performance metrics we can provide, both for our own use and also on behalf of our customers."
Henry Young, TS-Associates CEO, says, "With its genesis in a process that started ten months ago, this agreement is important not only for NASDAQ OMX's market technology customers, but also their members and counterparties. The increasing focus on performance assurance and latency reduction means that precision instrumentation is becoming vital to the successful operation of production systems for financial markets participants at all levels."
Steve Rodgers, TS-Associates CTO, says, "Our customers now have the reassurance of official NASDAQ OMX support for TipOff's protocol decoders. Working with NASDAQ OMX has enabled us to understand not only their wire protocols but also the business level use cases for latency monitoring that their customers really need, all made possible by the flexibility of our pluggable complex event correlation engines."
Håkan Winbom, Director of Capacity and Performance at NASDAQ OMX, says, "TS-Associates have proven the adaptability and extensibility of TipOff by being able to decode and correlate events in OMnet, a protocol that was designed some years ago without passive instrumentation in mind. The degree of systematic insight that TipOff offers is impresspressive."
TipOff is currently in use with three different NASDAQ OMX based execution venues, with more expected to follow soon.