The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Australian Securities Exchange implements Velocimetrics to Monitor Trading Platform Performance

The Australian Securities Exchange (ASX) has completed the implementation of Velocimetrics’ real-time performance monitoring and analysis software, giving it greater operational insight into the performance of its trading platform and the ability to respond quickly to any latency issues that could cause trading delays or compromise customer experience.

The exchange selected the Velocimetrics software working in conjunction with the EndaceProbe Intelligent Network Recorder, which supports packet capture, network monitoring, recording and nanosecond accurate time stamping at each hop of a trade, a couple of years ago and started to roll out the solution in June 2013 before extending its use and recently completing implementation. The joint solution was selected ahead of a competitive product on the basis of its price performance and the granularity at which it can monitor and analyse network traffic.

Essentially, the solution monitors hop-by-hop performance of every equity order submitted to ASX Trade, the exchange’s equities platform, and provides business insight into the latency of the environment and real-time alerts of any trading anomalies.

Bill McDonald, general manager of the enterprise architecture group at ASX, says: “With this solution we are able to continuously verify the speed and reliability of our world class trading platform, while identifying potential opportunities to further enhance our members’ experience.”

The ASX is one of a number of global exchanges that use the Velocimetrics performance monitoring solution, but the first to go public about its implementation. It is also about to start a technology upgrade programme that will include the replacement of its derivatives and equities trading platforms with solutions from Cinnober Financial Technology, a development in which Velocimetrics would like to be included.

Related content

WEBINAR

Upcoming Webinar: Opportunities of new approaches to electronic trading

Date: 9 December 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Challenged by legacy systems, less than ideal workflows and high costs, front-office trading teams lack the ability to adapt to clients’ evolving needs around integration, speed and multi-asset capabilities. They are also challenged by a capital markets environment characterised...

BLOG

TP ICAP Sets Up Parameta Solutions as New Brand for Data, Analytics and Post-Trade Offerings

TP ICAP has set up a new business, Parameta Solutions, to provide a flagship brand for its data and analytics division. It is due to be opened officially next week. Parameta’s data and analytics offerings will include unbiased OTC content and proprietary data, in-depth insights across price discovery, risk management, benchmarks and indices, and pre...

EVENT

ESG Data & Tech Summit 2022

This summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...