Nasdaq to Provide Customers Latency Measurement from Correlix

Follows NYSE and Bats exchanges in providing information to members about the latency of its trading and data applications.

The latest in a wave of exchanges announcing latency measurement technologies, Nasdaq OMX Group announced today that it has selected Correlix to provide latency data to its customers for intraday and post-day analytics.

In June, NYSE Euronext let it be known that it's using SeaNet Technologies' SeaView RTM 3.0 to measure latency in the organization's applications. Bats Trading, the electronic equity exchange, has developed its own technology for measuring latency, which Phil Ratterman, vice president of software development, will describe tomorrow at Wall Street & Technology's Accelerating Wall Street event.

Nasdaq OMX Group will initially provide latency measurements for the Nasdaq Stock Market. Through the Correlix RaceTeam service subscription, Nasdaq Stock Market trading customers will be able to monitor and analyze real-time latency information associated with their orders, executions and market data. Further plans include expanding the service to make latency information available for other Nasdaq markets around the world.

Open RaceTeam trials for Nasdaq Stock Market members will begin in the first quarter of 2010.