Velocimetrics has pulled together its data tracking and performance analysis technologies to deliver a single platform designed to help financial institutions track and analyse what is happening across complete business processes in real time. The platform, VMX EndToEnd, will be Velocimetrics’ strategic platform going forward and has been built in response to customer requests for a single solution to monitor and analyse fast and often complex trading and payment processes.
VMX EndToEnd integrates the company’s tracking and real time analytics, TipOff network data capture, Application Tap application data capture and Market Data Quality solution to deliver high performance data capture with real-time correlation and alerting capabilities; network, market data, middleware and business level analytics; and forensic analysis tools. From a user perspective, the platform’s predictive analytics and actionable insights allow emerging capacity, latency, operational risk, client experience and regulatory issues to be immediately detected, investigated and controlled at both the business and technical level.
While the platform provides a single solution for tracking and analysing a complete trading or payments environment, customers can take a modular approach to implementation, selecting specific modules of functionality they require and, perhaps, adding more modules over time. Both deployed and managed service options are available.
Steve Rodgers, head of engineering at Velocimetrics, explains: “VMX EndToEnd provides breadth and depth across tracking and analytics in one solution with one user interface that can be used to build different views for different groups, perhaps technology or business users. It will be our strategic platform going forward. We will deploy modules from it for all new customers and modules can be added to existing customers’ Velocimetrics solutions, which we will continue to support.”
VMX EndToEnd has been in production at a handful of tier one banks for a couple of months, although Velocimetrics expects its flexibility and capability to appeal not only to banks, but also to exchanges, brokers and firms working in the retail payments space.