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.”

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Recorded Webinar: Moving the trading technology stack to the cloud

Migration of financial apps and data to the cloud is well underway as financial institutions take the opportunity to cut the cost of running systems on premise, scale as and when required, and spin up test environments quickly and inexpensively. Moving the trading technology stack to the cloud is a different and more difficult proposition....

BLOG

How to Deliver Algo Performance through Enhanced Market Simulation

Sell-side firms struggling to gain ground in a highly competitive and regulated trading environment, where low-latency technology is a commodity and highly performant trading strategies and algorithmic models are the only differentiators, are looking at the potential of agent-based simulation (ABS) techniques that could optimise execution system performance and allow algorithms to attract and retain...

GUIDE

Data Lineage Handbook 2019

Welcome to our latest handbook on data lineage, a critical concern for data managers working to achieve regulatory compliance, deliver operational gains, and provide meaningful value to the business. The handbook covers the complete scope of data lineage, with a view to helping you win management buy-in and budget, decide whether to build or buy...