Velocimetrics, a Beeks Financial Cloud company, has launched a modular, software-only approach to monitoring and analytics of 100Gbps network feeds for exchanges and trading companies with no need to invest in new, dedicated, and expensive servers.
The new solution enables each business to decide its best implementation strategy and control the cost and phasing of the transition. The innovation was launched in response to increasing demand from the market for real-time monitoring capability for 100Gbps.
Despite the growing demand for 100Gbps, monitoring network data at 100Gbps presents enormous challenges because of the tenfold increase in data. Velocimetrics’ cost-effective and flexible approach gives businesses complete visibility of their trading operations, and a forensic record of network traffic, at speeds which were previously impossible. Now, companies can examine original network traffic and diagnose problem origins.
According to the firm, “the more trading companies understand their trading systems and trading success, the more competitive they can be: by refining trading strategies, creating real-time alerts when business or technical thresholds have been reached.” The 100Gbps monitoring software is being deployed by one of the major, global exchanges and being evaluated by a number of large trading firms according to the official announcement.
CEO of Beeks Financial Cloud and owner of Velocimetrics
Gordon McArthur, CEO of Beeks Financial Cloud and owner of Velocimetrics, said: “Regulation and competition are driving the need for more intelligent collection, storing and analysis of data; the limiting factors have always been high cost and the need for dedicated hardware – our 100Gbps monitoring system has now dramatically changed the cost/benefit ratio. Velocimetrics is leading the way in 100Gbps monitoring capabilities in the trading space, previously a pain-point for the industry as data volumes increase.”
“This solution uniquely allows companies to install across their existing tech estate and achieve major cost reductions, along with significant speed and capacity advantages. The modular approach allows packet capture and telemetry to be split, giving trading participants the ability to use their standard trading servers and to deploy various monitoring and analytics capabilities at a time of thei choosing”, McArthur added.
Beeks acquired Velocimetrics earlier this year to make it a significant addition to its offerings to clients. The acquisition will mean added monitoring capabilities for Beeks, while Velocimetrics will benefit from additional resources, and extended geographic reach. In 2019, Velocimetrics reduced tick-to-trade latency by 90%, from 100μs (microseconds) to 10μs using the Napatech SmartNIC FPGA-based solution. In 2018, Velocimetrics appointed John Benini and Steve O’Brien to help expand its footprint among investment banks, international hedge funds, and exchanges in the United States and
Canada.
