A-Team Insight Blogs

Velocimetrics Cuts Costs with Software Only Network Monitoring and Cloud Traffic Storage

Share article

Velocimetrics has released stream2Cloud, a software only network monitoring and traffic storage solution that can be used across multiple sites and provides access to real-time enterprise analytics.

The solution is based on tried and tested Velocimetrics technology, such as network traffic capture protocol decoders developed for real-time analytics. It can be integrated with Velocimetrics’ VMX EndToEnd for finance specific analytics and visualisation options, and replaces hardware network probes that take time to deploy and can be expensive and complicated to implement.

Velocimetrics claims cost models it has run against network probes show stream2Cloud providing cost reductions of at least 50% and up to 90% depending on network configuration. Deployment time can be reduced from around six to 10 months to as little as one to two weeks.

Paul Spencer, chief operating officer at Velocimetrics, explains: “Monitoring network traffic with hardware probes is expensive. For trading organisations with many colos, or any type of multiple locations, it can be prohibitively expensive. Network switches are much more sophisticated than they were 10 years ago and now allow streaming network traffic to flow out of a data centre. We use this capability to stream network traffic to a private or public cloud, or even a local server, depending on client need. This removes the need for data capture in the colo and provides storage in the cloud.”

Spencer acknowledges that stream2Cloud is not suited to ultra-low latency environments, such as algo trading, but it does timestamp network packets as they arrive and provides analysis two or three seconds later, making it a valuable solution for human consumption. Accurate traffic monitoring and storage is also designed to meet regulatory requirements for transparency.

Stream2Cloud initially works with Arista and Cisco switches, although more could be added, and it can be scaled up and down by adding or subtracting CPUs, storage and data pipes. The pricing model follows that of cloud providers with payment required only for usage, and Velocimetrics is offering a 30-day free trial. Six clients running the software and providing feedback are expected to make use of it longer term.

Spencer concludes: “stream2Cloud will transform the market as it is so much less expensive than traditional network monitoring methods. It is designed to be simple to get up and running, there is no up-front expenditure and firms can pay as they go using a subscription licensing model.”

Related content

WEBINAR

Upcoming Webinar: Market data in the cloud

Date: 3 November 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET The Covid-19 pandemic has created new demand for financial information delivery infrastructure to accommodate the many trading and support personnel now working from home (WFH). For many firms, new cloud delivery and hosting capabilities offer a viable solution for supporting these staff,...

BLOG

Archax’s FCA Approval Paves Way for Institutional Trading of Digital Assets

London-based Archax last week received long-awaited regulatory approval for its digital securities exchange for tokenised assets. The development makes Archax the first FCA-regulated digital exchange, paving the way for institutional market participants to trade in tokenised assets when the exchange launches sometime in 2021. Archax was founded by a group of market practitioners to offer...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual which took place in June 2020 was a huge success with over 1,100 delegates registered. We are currently working on our plans for 2021 and we hope to be back with an in-person event. Whatever the future holds you can guarantee our 2021 event will be back with an exceptional guest speaker line up of Regtech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment. Can't wait until 2021? make sure you sign up to our RegTech Summit Virtual, November 2020. More info...

GUIDE

The Reference Data Utility Handbook

The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted...