TS-Associates, leaders in Precision Instrumentation of electronic trading systems, and developers of TipOff, Correlix and Application Tap, announces the release of Correlix 5.2, the exclusive trade flow latency monitoring solution.
With enhanced business reporting and account mapping features, this release offers significant benefits for exchanges and brokers involved in high frequency trading.
Correlix 5.2 continues the steady flow of improvements to the Correlix platform since the product was acquired by TS-Associates in July 2012. Building on Correlix 5, released last April, Correlix 5.2 is a response to advanced requirements from customers including some of the world's most prestigious exchange, broker and dark pool operators.
The new Analytic Business Reporting Module automates the production of reports summarising trading activity and latency metrics. Output includes transaction count, traded volume, notional value and latency statistics. Reports can be broken down by time period, session, customer, account, order type or symbol. Reports can also be aggregated by resource tier such as gateway, FIX engine, SOR, matching engine or execution venue. Reports are saved for historical comparison and trend analysis. With report generation now integrated into the core architecture of the product, a significant performance gain has been achieved compared with the previous generation of customised add-on reporting.
The account mapping feature allows Correlix customers to overcome the challenges presented by migrating from FIX to alternative protocols without losing any of their existing reporting functionality. Whilst account information is present in FIX orders, this information is often omitted from binary order entry protocols offered by exchanges and brokers. The account mapping feature of Correlix 5.2 reconstructs this information from session management messages or by inference through complex correlation rules.
Correlix 5.2 is immediately available.Henry Young, TS-Associates CEO, says, "Correlix has always had the reputation of being the business focussed trade flow monitoring tool of choice. With Correlix 5.2 we have added to the product's respected business reporting credentials. We are proud of what we have achieved for our customers since acquiring Correlix last year and have exciting plans for the future."
Raymond Marra, TS-Associates COO Americas, says, "This release validates TS-Associates' commitment to Correlix as the premium product for business centric trade flow analysis. A press release simply cannot do justice to the myriad of new features and business benefits Correlix 5.2 offers. With more news in the pipeline, suffice it to say that the momentum building around this product since the acquisition is very exciting for us and our customers."