Velocimetrics Expands Real-Time FIX Engine Monitoring for Brokers

Velocimetrics, a business flow performance monitoring Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term, which counts among its clients City Index and Saxo bank, today announced an ability to assess the live performance of price information sent between FX brokers and their trading partners via FIX and other protocols. The solution promises to instantly alert brokers to issues impacting market data quality or client communications that could negatively impact trading profitability.

If a FIX engine is suffering Connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term issues, other technical problems or not publishing accurate prices because of internal issues, the results can be costly. Brokers could find that they are publishing uncompetitive prices or providing clients with delayed responses to requests for quotes or order placements.

By continually monitoring incoming pricing streams, Velocimetrics says its solution can instantly identify if any individual stream is missing or if there are abnormal pricing tick delays on a given stream. It can also assess the frequency that trading messages are transmitted and received between the broker and its clients, and raise immediate alerts should communication levels unexpectedly decline or if response times exceed limits.

Commenting on this announcement, Paul Spencer, COO at Velocimetrics stated: "FIX engines play a vital role in FX trading, so being able to instantly detect degradation in the quality of communications traversing these fundamental systems has the potential to increase trading accuracy and generate significant cost savings for the FX broker community."