Australian Securities Exchange Implements Velocimetrics

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4 March 2015
Australia

The Australian Securities Exchange has implemented Velocimetrics and the EndaceProbeTM Intelligent Network Recorder to further assure the speed and reliability of its low latency trading infrastructure

 Velocimetrics, the provider of real-time business performance monitoring and analysis solutions to the global financial community, today announces that the Australian Securities Exchange (ASX), one of the world’s top 10 listed exchange groups measured by market capitalisation, has implemented Velocimetrics.  The solution delivers real-time visibility of latency issues that could cause trading delays, providing greater operational oversight and increasing the exchange’s ability to proactively respond to issues and minimise potential member impact. 

As the global exchange environment proves increasingly competitive, the consistent availability of ultra-fast order matching speeds and on-going reliability are integral to member satisfaction. With this new solution, ASX is able to achieve the level of transparency necessary to fully understand the hop-by-hop performance of every equity order submitted to ASX Trade, one of the fastest integrated equities and derivative platforms in the world. This is achieved without impacting performance. In doing so, the ASX can identify at which stage within the trade lifecycle orders may be taking longer to process than expected and continuously strive to achieve even faster trade matching.

Using the EndaceProbeTMIntelligent Network Recorder (INR) for packet capture, network monitoring, recording and nanosecond accurate time stamping at each hop, Velocimetrics instantly decodes the protocol, and extracts the relevant business information. The complete flow of events is then reconstructed from order receipt, to trade matching and confirmation. Velocimetrics then applies advanced analytics to the captured data revealing valuable business insight and real-time alerts instantly highlight trading anomalies.

The solution assures ASX of the latency being achieved on an on-going basis, quickly detecting an issue’s emergence and pinpointing its location. Additionally, by providing detailed analysis of the performance levels being achieved by individual orders, participants or instruments, ASX is also able to:

·       Provide enhanced member support

·       Respond more effectively to questions relating to performance issues

·       Independently verify latency levels

·       More successfully diagnose individual member issues.

To understand more about ASX’s implementation of Velocimetrics please visit: www.velocimetrics.com/clients/asx-equities-trade-matching.

Commenting on the recent deployment, Bill McDonald, General Manager Enterprise Architecture Group at ASX stated:

‘With this solution we are able to continuously verify the speed and reliability of our world class trading platform, whilst identifying potential opportunities to further enhance our members’ experience.’

Steve Colwill, CEO at Velocimetrics added:

‘Achieving detailed operational oversight of the business being transacted is essential for exchanges keen to stay ahead of the curve. Understanding in real-time what is happening in complex systems, and how this is actively impacting the performance of orders and trades as they move throughout an exchange’s environment is fundamental, as fast and efficient trade matching is a member’s primary concern.’