Network OEM wins Reuters' market data services

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Reuters today announced a new original equipment manufacture (OEM) agreement with a network latency and monitoring vendor to supply information on data delivery to its financial service clients.

Endace will provide its products for the Reuters Latency Monitor (RLM) in Reuters' Market Data System (RMDS), which is an integrated hardware and software system that enables RMDS customers to measure the exact amount of network delay between the origin of market data and its delivery to their trading applications.

Reuters will use Endace's Ninjabox-LM hardware to run its RLM, using platform latency performance analysis software from venture-capital backed, financial trading software developer Trading Metrics. And the three companies will co-market the service across each of their customer bases.

"Much of today's trading capitalises on fleeting opportunities created in high-velocity markets," said Terry Roche, executive vice president of strategic business at Reuters. "Traders who are first to identify and act on those opportunities usually execute the most profitable trades."

He said the new offering would help traders pinpoint and measure where latency is occurring, from the feed handler source to consuming applications, in real time.

"This information can be used to measure transit point and end-to-end performance of market data traffic traversing the RMDS network. Our customers are able to identify bottlenecks and take action, shifting strategies within their networks accordingly," he added.

Built on Endace's probe technology, the NinjaBox-LM measures market data messages as they move between the RMDS infrastructure components and the customer's trading applications, using the pre-installed Trading Metrics software for analysis.

Endace said its hardware connects to span ports of enterprise switches or routers to compare timestamps in the messages with the timestamps generated by passive Endace probes. This is the basis for display, reporting and alert functionality to avoid network delays exceeding set thresholds.

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