Correlix said that the RaceTeam service will be rolled out starting early this year in Nyse Euronext’s new liquidity center in Mahwah, New Jersey to provide additional latency performance insight into all US-based markets, including Nyse Classic, Nyse Arca Equities, Nyse Arca Options and Nyse Amex Options.
According to the Correlix, the RaceTeam is an objective venue-neutral service that enables trading firms to manage and receive real-time Latency Intelligence information from various trading venues.
The service will enable Nyse Euronext and its customers to monitor and manage their low latency trading infrastructures for order execution and market data, Correlix said.
Furthermore, the service will provide Nyse Euronext customers with better latency transparency, including a breakdown of customer gateway and matching engine times, to help them optimize trading strategies and better manage their ability to react to market opportunities.
Nyse Euronext EVP Paul Adcock said that this facility will offer critical latency transparency to customers. As business transactions move through NYX trading applications within the datacenter, application latency information can be shared with the firms that initiate it.
Correlix founder, president and CTO Shawn Melamed said that the RaceTeam will provide Nyse Euronext customers with exceptional transparency into the latency performance of Nyse Euronext exchanges, which will enable them to trade more effectively and react quickly to changing latency conditions.
Nyse Euronext latency data is expected to be available on RaceTeam early this year.
