Capital markets consultancy NET2S and SeaNet Technologies, a provider of performance measurement and reporting solutions, have teamed up to offer a real-time latency measurement solution based on SeaNet’s SeaView product.
The move follows a study conducted by NET2S earlier this year, which examined trading latency at three layers:
network, middleware and application. The study found that network latency only accounts for 13% of a system’s overall latency, and that the biggest contributors are applications (65%) and firewalls (20%).
The study also evaluated tools that measured latency throughout the process, which resulted in the partnership with SeaNet. “After evaluating the various products available on the market, we identified SeaView from SeaNet as one of the very few solutions, if not the only one, that can accurately account for the latency generated by the applications and firewalls,” said Frederic Ponzo, managing director of NET2S, in a statement. “As a consequence, we approached SeaNet to form a partnership that would, combined with our own expertise, allow us to offer to our customers the most comprehensive and accurate way to provide the real breakdown of latency across their market data and trading flows.”
The partnership with NET2S will enable SeaNet to break into the Europe, Middle East and Africa market, where according to Raymond Marra, SeaNet’s executive vice president, there are significant opportunities for the introduction of SeaView.
SeaNet’s SeaView real-time measurement product suite is built on an open architecture, and can measure, monitor and analyse metrics of business transactions in real time for any application.