BATS Taps Correlix for Latency Comparison

Shawn Melamed, president and chief technology officer at Correlix

BATS Global Markets is rolling out Correlix’s latency monitoring technology to provide members with real-time market data and order latency metrics via its RaceTeam service, enabling them to directly compare latency of data from BATS’ US trading venues with latency of other US equities and options exchanges.

The vendor is currently implementing its technology at BATS’ Weehawken datacenter, and expects the latency data to be available on RaceTeam by the end of this year. Once the system is live,