Correlix Revises Latency Tool

The vendor released version 1.5 in mid-December, and has since rolled it out to several sell-side and ECN clients, says Correlix chief executive Shawn Melamed.

The upgrade includes an improved multi-route engine that monitors the flow of traffic across the various routes a message might take to get to or from a trading venue-for example, via different providers, in-house feed handlers, and data publishing platforms. So where messages for a particular symbol are assigned a particular route, firms

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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