Trade Monitor pinpoints the source of trading latency when performance deviates from baselines
NetQoS, a provider of network performance management software and services, has released a new version of Trade Monitor with adaptive baselines to help trade desk and network personnel understand the performance of financial trades executed via the Financial Information eXchange protocol.
According to the company, the NetQoS Trade Monitor adaptive baselines establish what normal response times are for Financial Information eXchange (FIX) application trade executions at any given time, including for each hour per day of week. When performance deviates from these automatically generated baselines, Trade Monitor notifies IT staff and pinpoints the source of trading latency.
The company said that the adaptive baselines also help IT staff understand application latency trends and determine whether the trading environment is getting better or worse over time.
NetQoS Trade Monitor also includes a new latency outliers report that shows when network conditions, such as network retransmissions or transmission control protocol errors, are contributing to slow FIX application response times, which packets are involved, and when the error occurred.
Matt Sherrod, vice president of product management at NetQoS, said: The baselining capabilities now included in NetQoS Trade Monitor take the guesswork out of understanding if performance is acceptable and competitive in today’s volatile financial markets and enable FIX traders to better troubleshoot issues, mitigate market risk, and make improvements in overall performance.