New Latency Measurement Tools From Reuters, TS-Associates
A pair of products designed to measure and monitor latency–a growing area of technology development amid ever-growing market data volumes–made their debut this week.
Reuters, in conjunction with vendor partners Endace and Trading Metrics, on Monday introduced a system that measures the network delay between the source of market data and its delivery into a firm’s trading applications. And Trading Systems Associates announced today that it has launched TipOff Latency Feed, giving users access to real-time latency information from trading venues that can be used to enhance algorithmic trading models.
The Latency Feed service examines the time lag between an exchange’s private, internal acknowledgment of an order fill and the point at which it has a public impact on the order book–what TS-Associates calls the “under the radar” trade time. “This is information that essentially tells financial institutions how long their trade remains private and how long before other institutions can see information about that trade,” said Young. The pricing latency data is aggregated into a feed that can be integrated into a firm’s algorithms.
The new Reuters service provides Reuters Market Data System users with end-to-end latency monitoring and visual display capabilities. The service–Reuters Latency Monitor (RLM)–uses New Zealand-based Endace’s Ninjabox-LM hardware and Trading Metrics’ latency performance analysis software, Market Latency Metrics. The three companies will co-market the product to current and prospective clients.
Filed under: Analysis, IT, Products, Trading, financial, markets, technology | Tagged: Latency, Tools
