Endace is teaming with Verizon to produce a new software that hopes to make financial market data feeds more reliable and predictable for financial firms.
Endace is employing proprietary Verizon gap detection technology in a new software application that provides end-to-end corporate network visibility for locating and resolving data gap issues that impact the integrity of received market information. As a result, trading specialists will be able to make more informed and timely decisions.
The new software, Endace Gap Detection, helps trading firms locate and resolve issues that slow and degrade market data so that valuable information isnt lost in translation from market center to trading terminal. The new gap detection software provides detailed statistical information on the quality and integrity of every market data feed to users through a web-based graphical user interface.
Verizons gap detection technology had previously only been available to subscribers of the Verizon Financial Network. With this relationship, Endace has placed Verizons gap detection algorithm into software which will be available on Endaces systems. Customers will now be able to perform gap detection on their own corporate networks. The gap detection software will be marketed through Endaces network of resellers to the financial services community.
Many of the world’s largest financial services firms use the Verizon Financial Network for its differentiated and proprietary gap detection technology, which provides network visibility to quickly locate and resolve any data gaps, says Chandan Sharma, vice president of Verizons Financial Services practice. Our customers have requested that the same technology used within the Verizon Financial Network could be made available for them to use within their own corporate networks. And with this Endace relationship, enterprises will now be able to apply Verizons proprietary gap detection to their own private networks for better trading results. Verizon also plans to deliver a fully-managed gap detection solution as-a-service in the near future consistent with its Everything-as-a-Service (EaaS) strategy.
Kevin Formby, vice president of business development at Endace, adds: The ability to rapidly detect and resolve problems in market data feeds is crucial for all trading firms, particularly those involved in high-speed algorithmic trading. This new application, based on Verizons proven gap detection algorithm, will help to make Endace an even more valuable and important part of every trading firms tool kit.
The application will be licensed separately from the Endace Application Suite. Gap Detection application will analyze more than 50 different market data feed types from venues globally.
(CM)