Australian Securities Exchanges Chooses Emulex, Velocimetrics and Arista Networks

Emulex
Corporation, announced that the Australian
Securities Exchange, one of the world’s top 10 listed exchange
groups measured by market capitalization, is deploying the Emulex
Endace Probe Intelligent Network Recorder (INR) as the
infrastructure foundation for trade latency troubleshooting and
monitoring.

ASX is deploying the product in
conjunction with Velocimetrics
Ltd. and Arista Networks
Inc., two partners from the Endace Fusion Ecosystem program,
which is designed to provide a framework for partners to interoperate
and integrate with the line of Endace products.

The exchange group selected Emulex to
provide a ‘tick to trade’ monitoring solution that covers end-to-end
network and trade flow. The solution gives 100% ‘near real-time’
visibility of latency on each hop along an individual trade’s
lifecycle, from the application down to the network layer. This ‘near
real-time’ alerting solution will provide greater visibility of
latency issues by trade component, participant and network. The
solution will record trade data, timestamp each packet at the
nanosecond level and feed the Velocimetrics financial trading
software to provide customized dashboards of correlated data for
analysis and reporting.

"The Endace network recording
fabric and Velocimetrics software gives us the functional richness we
were looking for at a highly competitive price point," said
Andrew Lennox, GM, markets technology, ASX. "A successful
proof of concept demonstrated the benefits of near real-time alerting
and analysis and we expect this implementation to provide ASX greater
visibility into latency issues, improving ASX’s ability to respond
proactively to those issues."

As a trading venue in a competitive
global market, the ability to detect and resolve issues quickly,
minimizing impact on customers, is critical. Using INR as the
foundation for the ASX solution ensures that network operations team
members can not only detect anomalies and delays in the trading path,
but also establish the true root cause of problems by using
EndaceVision to isolate the network traffic relating to the issue.

"Given that 70% of trade
latency is in the application, accurately monitoring the network as
well as the trade hops is crucial. Any complex trading analysis or
risk mitigation outside the network layer needs to be fed data with
zero loss of data," said Mike Riley, GM of the Endace
division, Emulex. "Endace INRs are fast becoming an essential
data center infrastructure component for organizations that depend on
their networks for BC and providing the right data at the right time.
We built a complete solution that provides ASX with the visibility
they need to deliver a world-class trading environment capable of
competing with ultra-high performance exchanges in Asia and North
America."