Correlix OEMs MicroStrategy to provide quant traders with new latency analytics
New York, NY– April 14, 2009 –Correlix, Inc., a provider of Latency Intelligence™ solutions that monitor, measure and analyze trading execution and market-data flows in real-time, today announced an OEM partnership with MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of Business Intelligence (BI) software. Under the agreement, Correlix will sell MicroStrategy Business Intelligence software as part of its Latency Intelligence suite.
“Customers can leverage unique real-time data sets generated by the Latency Intelligence suite to enhance their trading strategies, latency and risk management,” said Shawn Melamed, CEO of Correlix. “Complementary to our unique real-time Latency Intelligence correlation capabilities this new enhanced Analytics Product couples finely-granular, latency data with the associated business context of the impacted trades.”
The Correlix Latency Intelligence Suite version 1.9 will provide quant traders with real-time monitoring and measurement capabilities to enable decision making based on latency dashboards and post day advanced trade latency analytics. With immediate access to historic and trend reporting, traders have the ability to analyze additional trading dimensions that are impacted by latency as well as investigate trends to optimize their high frequency trading strategies.
“We are pleased that Correlix has selected MicroStrategy to provide enhanced reporting and analytics for their Latency Intelligence Suite,” said Sanju Bansal, COO of MicroStrategy. “MicroStrategy's scalability for large volumes of data and easy-to-use analytical capabilities enable Correlix’s clients to gain greater insight into latency at all levels, for a deeper understanding of trade events and the ability to identify potential risks.”
The Correlix Latency Intelligence Analytics product is now available. For more information, please visit www.correlix.com.
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Correlix Inc. provides Latency Intelligence™ software that pinpoints and quantifies sources of latency for the capital markets industry. Customers rely on Correlix to monitor measure and minimize latency in trade execution and market data flow in real-time. This empowers users to execute a trade or deliver and act on market data in fewer milliseconds. Correlix customers include capital market firms on the buy and sell-side and in exchange environments.
Established in 2005, Correlix is headquartered in New York with research and development offices in Israel. Correlix is venture financed by Sequoia Capital, Genesis Partners, Blumberg Capital, Vernon & Park Capital, L.P. and Xenia Ventures. For more information, visit www.correlix.com.
Latency Intelligence is a trademark of Correlix Ltd.
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com
MicroStrategy and MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries.