Correlix, Inc., a provider of Latency Intelligence applications that monitor, measure and analyze trading execution and market-data flows in real-time, selected as a winner of the Red Herring 100 North America Award. The award honors the top 100 private technology companies and innovators based in North America. Award recipients were announced as part of Red Herring Spring 2009 event in San Diego, California, where Shawn Melamed, CEO and founder, delivered a presentation on the growth of latency intelligence and the role Correlix plays in optimizing high frequency trade execution for global companies.
“The Red Herring editorial team deploys a detailed process to whittle down a pool of 1,000 eligible, promising companies to the 200 Finalists and in a last round decided for the top 100 winners of this important North American award. Evaluations are made on both quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy, and ecosystem integration.”
“It is an honor to be named a Red Herring North America 100 winner, as it highlights Correlix’s commercial success in providing our customers with latency intelligence to accelerate trade execution,” says Shawn Melamed, CEO and founder, Correlix. “We’ll continue to develop innovative solutions to address the critical needs of high frequency traders who depend on the latest technologies to manage latency.”
D.C.