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

A-Team Insight Blogs

Velocimetrics Version 6 Improves Oversight of High Volume Trading

Velocimetrics has released Version 6 of its real-time business performance monitoring and analysis solution, increasing the volume of trades that can be tracked, introducing distributed processing, and extending reporting capabilities.

Velocimetrics 6 builds on the company’s commitment to deliver real-time oversight across end-to-end processes in fast, complex and high volume trading environments, and allow any issues to be detected immediately, their root cause determined and their impact on clients, orders and trades quickly quantified and reported.

Velocimetrics 6, like previous versions of the solution, is offered as both software and Linux-based hardware appliances, the former favoured by large banks and the latter by smaller banks that locate the appliances in their data centre racks.

Moving on from Version 5 to Velocimetrics 6, the persistence to disk performance of the appliance solution has been improved by an order of magnitude and memory space has been reduced, allowing 60% more data to be handled by Velocimetrics 6 in the same footprint as the Version 5 appliance. These improvements in individual appliance performance are magnified by a new clustering technique that uses a correlation engine across multiple appliances to cope with increasing data volumes and deliver a unified view across trading operations.

Further functionality included in Velocimetrics 6 includes the ability to look at streams of market data from a trading quality perspective and screen any problems before they reach trading algorithms. Reporting has also been enhanced by adding scheduled and email reporting to on demand reporting, while ad hoc snapshots have been refined and can be taken over a trading day. These snapshots can then be used to produce management reports that detail, perhaps, the 100 worst trades over the day, and can be emailed as PDFs to a specified list of recipients.

Steve Colwill, CEO of Velocimetrics, says: “We have developed and tested this latest version working closely with our clients. They rely on Velocimetrics for operational integrity and are looking to expand its use in their businesses to support very high-volume processes. This major release is a milestone in scalability and high-volume persistence.”

To date, Velocimetrics has 25 clients across the US, Europe and Asia Pacific ranging from large exchanges to tier one and two banks, and smaller European banks. It says many of these clients are interested in upgrading to Velocimetrics 6, a fairly low friction exercise, and expects the release to extend its reach further into the financial sectors it serves.

Related content

WEBINAR

Recorded Webinar: Approaches to migrating market data to the cloud to drive agility in trading operations

Market data in the cloud is an attractive proposition in terms of reducing the cost of on premise servers and storage, and moving into a more agile and flexible data delivery environment. It is also well suited to working from home, the fall-back of many financial institutions during lockdowns caused by the coronavirus pandemic. But...

BLOG

The Deal is Done – LSEG Completes Acquisition of Refinitiv

A big day in the City last Friday as the London Stock Exchange Group (LSEG) completed its all-share acquisition of Refinitiv first mooted back in July 2019. The acquisition is expected to create a leading, UK-headquartered, global financial market infrastructure provider with a strong data and analytics business, significant capital market capabilities across multiple asset...

EVENT

Data Management Summit New York City

Now in its 10th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...