Correlix, which provides latency monitoring, measuring and analysis of order and market data flows, has named Daniel Connell as its new chief executive officer. Connell will be responsible for accelerating Correlix's global growth and extending the company's leadership position for latency intelligence solutions.
Connell served as executive managing director at Standard & Poor’s Information Services division for over 10 years. Within that capacity, he also held the title of CEO of ComStock, the real-time provider of global market data, which was acquired by Interactive Data Corporation (IDC). Post acquisition, Connell served as the CEO of IDC's Real-Time Services division. After that he was COO of Xinhua Finance, a global financial information and media company, and he most recently served as executive-in-residence at private equity firm Spire Capital Partners.
Correlix recently announced that a number of prominent capital market firms and exchange venues have joined its RaceTeam latency monitoring service, including Nasdaq OMX, US derivatives venue Chicago Board Options Exchange and independent agency broker Lime Brokerage.