Corvil, a provider of electronic trading and market data latency management systems, announced that Deutsche Brse Systems, the IT subsidiary of Deutsche Borse AG, has deployed a precision latency monitoring and reporting service for Xetra and Eurex market participants.
Deutsche Borse becomes the first exchange to provide latency distribution statistics and member latency ranking, according to a release.
The service provides a full range of latency statistics based on microsecond distribution measurements for both order and market data on Deutsche Brse's new data interfaces, Enhanced Broadcast Solution and Enhanced Transaction Solution.
The latency monitoring and reporting service also provides normalized latency ranking tables for a specific market participant's trading session relative to all other peer trading sessions in the same reporting period.
The latency distribution measurements underpinning Deutsche Brse's cash market Xetra and derivatives market Eurex service are based on Corvil's latency management system, CorvilNet 5.2.
"Deutsche Brse Systems is committed to providing our trading members with the highest levels of latency transparency to optimize their trading experience on our platforms," Gerhard Lemann, member of the executive board, Deutsche Brse Systems AG, said.
"By leveraging the unique latency measurement and analytics capability of the CorvilNet platform, we have successfully achieved an industry first in low latency monitoring and reporting for high frequency trading."
The new service provides latency statistics for Enhanced Broadcast Solution market data messages for both streams of the live-live-setup over the entire business day.
Historical information for up to five business days is provided. The contents of the latency information provided include: minimum, average and maximum latency in microseconds, as well as 90 percent and 99.5 percent latency percentiles.
Currently the data is published for users of the most latency sensitive Proximity Services. Extension to all other Xetra and Eurex Access Points is in preparation.
"This is the first time we have seen a market center offer normalized latency ranking information for a high frequency market," said Donal Byrne, CEO of Corvil.
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio