Catena Technologies Teams with TS-Associates to provide Ultra-low Latency Monitoring
06th July 2011 - Catena Technologies, an Asia-based financial technology consulting firm, and TS-Associates, leading supplier of precision instrumentation solutions, have teamed up to provide ultra-low latency benchmarking for financial markets customers. Catena Technologies will provide consultancy services that leverage TS-Associates' TipOff appliance and Application Tap time-stamping cards.
"We see a clear opportunity to improve the visibility that banks, brokers, and exchanges have into their internal latencies, as well as the latency information that they provide to their customers," said Randall E. Duran, Catena Technologies' CEO. "TipOff and Application Tap enable us to capture and analyze latency events across systems to a hitherto unavailable level of accuracy, and so help our customers minimize the variability of market data and order processing delays."
TipOff is a real-time middleware analysis and monitoring appliance that passively monitors and correlates messages from multiple systems to determine latency. The Application Tap is a PCI Express card that enables the latency dynamics of real-time applications to be measured with high precision while having minimal impact on their performance. To date, Catena Technologies has used TS-Associates' products for a number of high-performance benchmarking exercises and to monitor a low-latency messaging platform at a multinational bank.
"Catena Technologies' Asia-Pacific focus is ideal for providing services around latency monitoring using TS-Associates' products. We have found that the type of expertise Catena offers is difficult to find outside the major trading centers of London and New York," said Henry Young, TS-Associates' CEO. "As latency sensitive trading strategies are becoming more prevalent in Asia, it will be critical for firms to leverage the best tools and skills to ensure that their systems are achieving top performance."
Latency management is critical to many trading strategies, where a delay of a few microseconds can make the difference between a profitable and unprofitable trade.
About Catena Technologies
Catena Technologies Pte Ltd specializes in architecture, design, and delivery of advanced technology solutions for the financial services industry. Based in Singapore, the company has worked with customers across the Asia Pacific region including Japan, Hong Kong, Australia, Singapore, and China. Catena Technologies combines in-depth knowledge of the financial markets with expertise in applying cutting-edge technologies.
TS-Associates is a leading supplier of precision instrumentation solutions for latency sensitive trading systems. With the TipOff network monitoring appliance and the Application Tap software instrumentation card, TS-Associates provides a complete range of precision instrumentation solutions capable of providing nanometric transparency into the latency dynamics of trading systems.
TS-Associates precision instrumentation solutions have been integrated with all leading transaction, market data, middleware and HFT systems. With deployments at leading financial institutions throughout North America, Europe and AsiaPac, TS-Associates offers a truly global support capability through its centres in London, New York, Tokyo and Singapore.
Application Tap® and TipOff® are UK registered trademarks, numbers 2555443 and 2555442, of TS-Associates plc, US trademarks 85238120 and 85238136 applied for.
For More Information Contact:
Catena Technologies Pte Ltd
3 Phillip Street
#10-01 Royal Group Building
Republic of Singapore
Phone: +65 6100 0881
Trading Systems Associates plc
40 Bowling Green Lane
London EC1R 0NE
Phone: +44 (0)20 7415 7028