Correlix, a provider of latency intelligence solutions that monitors, measures and analyzes trading execution and market-data flows in real-time, has launched Latency Intelligence 1.5, an upgraded version designed to optimize infrastructure performance based on proprietary correlation technology. Latency Intelligence 1.5 includes an enhanced multi-route engine, upgraded database and global protocol agnostic tools to provide detailed latency analysis and empower clients to take rapid corrective action.

The new version of Correlix's multi-route engine traces latency within the same transaction over multiple physical routes to support the detection of variant flows, minute variances and aggregated transaction latency. Demand for this functionality has been driven by broker/dealers, asset managers and liquidity venues looking to improve order routing and correct slow market data paths.

"Trade execution and market data flow systems are inherently affected by additional latency, subsequently adding pressure on architects to reduce it. Latency Intelligence 1.5 will help alleviate the burden on operations by arming architects with real-time visibility to analyze order flow, volume sensitivity, system processing time and liquidity venue response time," said Dr. Einat Or, chief scientist at Correlix, in a press release. "As electronic trading becomes more prevalent, capital markets firms need to keep pace without impacting performance or introducing latency," she added.