Endace Leverages Verizon Financial Network Technology to Make Market Data Delivery More Reliable for Financial Trading Firms
New Gap Detection Software will Improve Integrity Monitoring of Market Data Feeds for Better Trading Performance
Auckland, New Zealand - June 16, 2011-
Endace
Endace is employing proprietary Verizon gap detection technology in a new software application that provides end-to-end corporate network visibility for locating and resolving data gap issues that impact the integrity of received market information. As a result, trading specialists will be able to make more informed and timely decisions.
The new software, Endace
Gap Detection
The Verizon Financial Network is a dedicated high-speed infrastructure platform and a portfolio of financial markets solutions designed to both deliver market data and execute trades in a scalable, secure, low-latency environment. Verizon's data gap detection technology is currently embedded in Endace's Systems, which Verizon exclusively uses to test and prove the integrity of market data feeds delivered through the Verizon Financial Network.
"Many of the world's largest financial services firms use the Verizon Financial Network for its differentiated and proprietary gap detection technology, which provides network visibility to quickly locate and resolve any data gaps," said Chandan Sharma, vice president of Verizon's Financial Services practice. "Our customers have requested that the same technology used within the Verizon Financial Network could be made available for them to use within their own corporate networks. And with this Endace relationship, enterprises will now be able to apply Verizon's proprietary gap detection to their own private networks for better trading results. Verizon also plans to deliver a fully managed gap detection solution 'as-a-service' in the near future consistent with its Everything-as-a-Service (EaaS) strategy."
"The ability to rapidly detect and resolve problems in market data feeds is crucial for all trading firms, particularly those involved in high-speed algorithmic trading," said Kevin Formby, vice president of business development at Endace. "This new application, based on Verizon's proven gap detection algorithm, will help to make Endace an even more valuable and important part of every trading firm's tool kit."
The
application will be licensed separately from the Endace
Application Suite
Endace will be
demonstrating the power of Gap Detection at Endace's booth
#1101 at the SIFMA Financial Services Technology Leaders
Forum and Expo
Verizon Financial Services is a
business solutions and technology advisory services practice
within Verizon. This practice is focused on helping banking
and financial institutions, insurance companies and the
broader financial ecosystem improve business agility,
increase business performance, manage risk, and drive
innovation in an increasingly complex and fast-changing
digital market place. Verizon's solutions framework for the
financial services industry draws upon market-leading
communications, IT, security, identity, mobility assets,
consulting/professional services capabilities and strategic
vendor relationships to provide integrated solutions in a
number of flexible delivery models, including everything as
a service (EaaS), premises-based or hybrid models. Find out
more at www.verizonbusiness.com/solutions/finance -
ENDS -