The Australian Securities Exchange Selects Emulex for Trade Latency Monitoring and Network Troubleshooting
ASX selected Emulex to provide a sophisticated “tick to trade” monitoring solution that covers end-to-end network and trade flow. The solution gives ASX 100% “near real-time” visibility of latency on each hop along an individual trade’s lifecycle, from the application down to the network layer. This “near real-time” alerting solution – an industry first – will provide ASX much greater visibility of latency issues by trade component, participant and network. The solution will record trade data, timestamp each packet at the nanosecond level and seamlessly feed the Velocimetrics financial trading software to provide highly accurate, customized dashboards of correlated data for analysis and reporting.
“The Endace network recording fabric and Velocimetrics software gives us the functional richness we were looking for at a highly competitive price point,” said Andrew Lennox, General Manager, Markets Technology, ASX. “A successful proof of concept demonstrated the benefits of near real-time alerting and analysis and we expect this implementation to provide ASX greater visibility into latency issues, significantly improving ASX’s ability to respond proactively to those issues.”
As a trading venue in an increasingly competitive global market, the ability to detect and resolve issues quickly, minimizing impact on customers, is critical. Using the EndaceProbe INR as the foundation for the ASX solution ensures that network operations team members can not only detect anomalies and delays in the trading path, but also establish the true root cause of problems by using EndaceVision™ to isolate the network traffic relating to the issue.
“Given that 70% of trade latency is in the application, accurately monitoring the network as well as the trade hops is crucial. Any complex trading analysis or risk mitigation outside the network layer, needs to be fed data with zero loss of data,” said Mike Riley, general manager of the Endace division, Emulex. “Endace INRs are fast becoming an essential data center infrastructure component for organizations that depend on their networks for business continuity and providing the right data at the right time. We built a complete solution that provides ASX with the visibility they need to deliver a world-class trading environment capable of competing with ultra-high performance exchanges in Asia and North America.”