Why Traders deploy Monitoring and Recording Fabrics
We do business with
- 5 of the top 10 commercial banks in the US
- 2 of the 3 largest global stock exchanges
- 4 of the top 5 global diversified financials
High-frequency trading accounts for as much as 75% of equity trades in the US. Accurate and timely data has always been at the very heart of the global trading system. Over the past 10 years the trading community has made huge advances in both system and network design in its drive to acquire more information more quickly. High-performance traders have started to look towards data analysis as the next competitive frontier.
Endace Systems provide highly accurate network monitoring and recording capability that enables high-frequency traders to monitor, measure, and analyze critical network environments.
Find out how Allston Trading use their Monitoring and Recording Fabric to improve trading performance and profitability
Who uses Endace Systems and why?
In any trading firm there are at least three different groups who are critically reliant on captured network data to perform their specific functions. These typically include algorithm developers, traders, and network operations teams who are responsible for network performance.
The real beauty of Endace is that it enables each of these groups to run the applications appropriate to their needs on a single piece of centrally managed infrastructure, which ensures that everyone inside the trading firm is using the same source of 100% accurate data.
To find out more download our Financial Services Use Case Overview
1. Data Mining
Within a trading firm a number of groups typically need to access captured traffic for different purposes. Algorithm developers use it to refine, test, and tune algorithms; traders use it for latency monitoring; and network operations teams use it for troubleshooting and packet level interrogation.
Endace Systems enable these groups to access the data they need using EndaceVision, which provides fast, highly accurate network-wide data mining capabilities through a single intuitive browser-based interface.
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2. Microburst Detection
Microbursts present particular challenges to traders as they have the potential to cause ticks and trades to get lost or delayed, which can have a profound impact on trading performance. Being able to identify and interrogate the impact of microbursts is essential.
EndaceVision delivers microburst detection and alarming capability as part of its many capabilities. In Microburst detection mode EndaceVision delivers:
- The ability to view traffic at 100 microsecond resolution (which is where you start to see the real microbursts)
- Rapid drill-down to the raw packets of interest impacted by the burst
- A full set of alarming capabilities that provides highly granular alarms on bandwidth utilization.
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3. Trade Latency Monitoring
Monitoring flow-based transactions is immensely challenging because of the number of protocols involved in a single transaction as it passes from trader to venue and back again. Full visibility into complete flow-based transactions is of immense value to traders who are then able to pinpoint and address latency issues across every part of the network.
We've partnered with the leading vendors in this market to provide trading firms with flow-based trade latency monitoring applications that can run in the Endace Application Dock. Endace works with Velocimetrics to provide trade latency monitoring capability.
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