Nyse Technologies, the commercial technology unit of Nyse Euronext and Corvil have launched LatencyStats.com, an online resource for market participants to offer transparency regarding latency performance with real-time snapshots of key performance statistics and clear methodologies used for collecting and calculating the statistics. Corvil is a provider of latency management systems.
According to the Corvil, the jointly developed new online tool will allow market data publishers and users to compare latency performance on a like-for-like basis as verified by Corvil. LatencyStats will also feature exclusive content and research from Nyse Euronext, Corvil and others offering important perspectives and information relevant to the latency-sensitive trading community.
Initally, LatencyStats portal will be launched with the US high-frequency feeds of Nyse ArcaBook and Nyse OpenBook, and includes additional Nyse Euronext US and European markets, plus a range of feeds available on the Nyse Technologies SuperFeed platform.
Corvil said that the LatencyStats provides customers with verified standards in latency performance measurements.
Mark Schaedel, senior vice president of global data products at Nyse Technologies, said: “By working with Corvil, we are able to provide both empirical evidence and transparent methodologies that our customers can trust.”
Donal Byrne, CEO of Corvil, said: “This is the first time a leading securities exchange has offered this level of latency transparency and information quality for its market data services. We look forward to continued collaboration and further innovation with Nyse Technologies as we jointly seek to empower market participants with the information they need to be successful.”