The Chicago Board Options Exchange (CBOE) and Interactive Data have both invested in new latency management tools, aimed at increasing trading performance and transparency for trading firms.
US derivatives venue CBOE has opted for the RaceTeam service offered by latency measurement firm Correlix. RaceTeam enables trading firms to manage and receive real-time latency intelligence information from various trading venues. The offering will enable the CBOE to provide latency insight data in real time to its customers on both its existing exchange as well as its all-new C2 Options exchange.
“This service will help our customers better understand how their orders are being processed and, ultimately, we feel that this added degree of transparency will help them trade on CBOE even more effectively than they do currently,” said Gerald O'Connell, CIO and executive vice president of systems at CBOE.
RaceTeam is expected to begin processing the CBOE latency data later this year.
Meanwhile, US-based data provider Interactive Data has launched its 7ticks latency portal, which is designed to serve as a one-stop centralised resource for electronic traders to measure latency, monitor network performance and determine the overall health of their trading infrastructure.
Through the latency portal, clients can access services available from a variety of technology providers to obtain data related to multi-tier infrastructure performance, latency analysis and metrics, as well as multi-tier order analysis. With the launch of the latency portal, Interactive Data also offers business intelligence and a variety of customer service options.
Business intelligence functions range from analysis tools and a customisable dashboard, as well as cross-tool data correlation and proactive analytics. The customer service capabilities include product update and enhancement notification, trouble ticket visibility, market and financial news and inventory management.
Interactive Data 7ticks provides managed ultra-low latency services to facilitate electronic trading. These services include co-location, proximity hosting, direct market access, monitoring, ultra-low latency infrastructure, connectivity and support.