7ticks selects Correlix to offer RaceTeam™
First Published Tuesday, 20 October 2009 from Automated Trader : Data News
7ticks selects Correlix to offer RaceTeam™ for enhanced latency transparency
Shawn Melamed, Founder and CEO, Correlix: "We are happy that by joining the Correlix RaceTeam™ service, 7ticks will offer its customers critical, real-time trading latency information to improve transparency and help in gaining a significant edge."
Correlix Inc., the provider of objective latency measurement
solutions, has announced that 7ticks LLC, has selected Correlix
and the RaceTeam™ service to advance its latency analysis
capabilities and to offer greater transparency to its customers.
7ticks will leverage
Correlix Latency Intelligence™ capabilities to conduct in
depth latency and performance analysis on its low-latency trading
infrastructure.
7ticks will also partner with Correlix to offer the RaceTeam™ service to its high-frequency trading clients. Using the RaceTeam™ service, 7ticks customers will be able to monitor in real-time and manage latency associated with order execution to US and European liquidity venues.
"7ticks is pleased to continue providing our customers with the best service and transparency into their managed trading infrastructure through Correlix capabilities. Correlix Latency Intelligence™ capabilities will enable us to perform latency and performance analysis much more efficiently," says 7ticks CIO, John Heflin. "In addition, the RaceTeam™ service offered by Correlix will allow our customers greater real-time, on-demand visibility into their trade latency."
The Correlix RaceTeam™ service enables trading firms to manage and, if desired, exchange Latency Intelligence™ information. The service facilitates greater trading-latency insight into each transaction and leads to optimized trading strategies, improved trade execution and faster inter-party latency problem resolution.
"7ticks is committed to providing the lowest latency proximity and connectivity managed services to its high frequency trading customers," explained Correlix Founder and CEO, Shawn Melamed. "We are happy that by joining the Correlix RaceTeam™ service, 7ticks will offer its customers critical, real-time trading latency information to improve transparency and help in gaining a significant edge."
