Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Trading Technology

09:08 AM
Connect Directly
Facebook
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

Deutsche Borse Systems Deploys Corvil's Precision Latency Monitoring Service

Deutsche Borse becomes the first exchange to provide latency distribution statistics and member latency ranking.

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

Register for Wall Street & Technology Newsletters
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.