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NASDAQ OMX Access services enhances QView Latency Optics

First Published 8th May 2013

Web-based tool leverages Corvil to provide transparency around trading performance

The NASDAQ OMX Group has announced the enhancement of QView Latency Optics, a web-based tool designed to give customers a view of their firm's trading activity, which will now provide performance measurement details and diagnostic tools in the form of on-demand historical packet capture files, or PCAPs.

QView Latency Optics provides transparency into the NASDAQ OMX Data centre infrastructure so market participants may monitor the full lifecycle and latency of their orders with The NASDAQ Stock Market infrastructure. The diagnostic data is powered by Corvil, the provider of high-velocity data acquisition and analysis platforms that capture and transform data in-motion into real-time operational intelligence.

Using QView Latency Optics, customers receive an overview of measurements in microseconds for the entire roundtrip of an order as it travels through the NASDAQ network. Measurements are broken down into categories including Order to Ack, which is the time it takes for the acknowledgement to be received back from the matching engine; Order to Book, which is the time it takes for the order to be displayed on the TotalView ITCH multicast feeds; and Cancel to Out, which is the time it takes for the cancel acknowledgement to be received.

Firms may view overall session latency for the current trading day, detailed timetables with interactive graphs for a more granular examination of session flow, and percentile charts for each measurement category for a holistic view of the day's trading. The tool may be used for diagnostics data as firms have the ability to compare their latency to that of their peers for a given connectivity method. In addition, firms may analyze trends utilizing latency categories by percentile and further specify by time interval.

Stacie Swanstrom, Head of Access Services at NASDAQ OMX, said, "This solution, which provides transparency into the most liquid market in the U.S., is also another way the Access Services business uses economies of scale to provide value to our customers."

She added, "The QView Latency Optics tool enhances our ecosystem at the NASDAQ OMX Data centre as it provides a convenient, singular view of order and latency info for our customers."