Financial trading activity between exchanges, brokerage firms, hedge funds, and other financial services companies is a core component of the world economy. With trillions of dollars traded annually on the NASDAQ alone, financial service entities are investing heavily in optimizing electronic trading and employing direct market access (DMA) to increase their speed to financial markets and reduce latency where possible. Put simply, a one millisecond advantage can be worth millions. In addition, regulatory initiatives like the Regulation National Market System (RegNMS) in the US and the UK’s Markets in Financial Instruments Direction (MiFID) are also forcing trading services to provide order execution and market data in a timely manner.
For the trade desk, managing the delivery of trading applications and keeping latency low increasingly requires an understanding of the FIX protocol. However, many trade desks are not equipped with the right solutions to monitor and troubleshoot FIX applications.
NetQoS Trade Monitor is a response time monitoring product that captures and analyzes FIX protocol financial transactions to help trade desk personnel measure latency, speed troubleshooting, and reconstruct trade executions. With Trade Monitor, you can baseline trading performance to understand what “normal” performance and mitigate market risk by identifying slow sessions, servers and/or firms. Trade Monitor is a passive appliance designed to be secure and non-intrusive in your trading network environment.
1. Reduce Exposure to Market Risk
2. Understand Latency Outliers
3. Resolve Trade Problems Quickly with Packet Capture and Retrospective Analysis
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