Deutsche Börse has introduced latency monitoring and performance measurement technology from Corvil for high frequency traders on Xetra and Eurex.
Deutsche Börse Systems, the IT subsidiary of the German market operator, says the technology provides for the first time a full range of latency statistics based on microsecond distribution measurements for both order and market data on Deutsche Börse's new data interfaces Enhanced Broadcast Solution and Enhanced Transaction Solution.
The service also offers normalised latency ranking tables for a specific market participant's trading session relative to all other peer trading sessions in the same reporting period.
Donal Byrne, CEO of Corvil says the deployment is the first by a market centre to offer normalised latency ranking information for a high frequency market.
"Relative latency information is what is important for traders. It does not matter how fast someone is trading, it only matters how fast they are trading relative to all others in the market at the same time," he says. "This project represents a significant advancement in the state of the art for latency monitoring and transparency."