BATS Joins Correlix RaceTeam(TM) Latency Measurement Service

NEW YORK, May 31, 2011 /PRNewswire/ -- Correlix Inc., the provider of the industry leading RaceTeam(TM) service for monitoring, measuring and reporting order and market data flows in real-time, today announced that BATS Global Markets (BATS), a global operator of cash equities and derivatives securities markets, has joined the Correlix RaceTeam latency measurement service.

The service will be rolled out this year to provide independent insight into all BATS US-based markets, including the BATS Equities Exchanges (BZX Exchange and BYX Exchange) and BATS Options. The service will provide latency data measured by Correlix as a complementary service to BATS' own latency monitoring service launched earlier this year.

"We are excited to be part of Correlix's RaceTeam latency measurement service as we believe this is a service that makes markets better by increasing transparency," said Chris Isaacson, Chief Operating Officer at BATS Global Markets. "Providing the trading community with innovative latency tools such as this enables them to optimize their trading strategies and improve their execution."

"We are excited to have BATS join our RaceTeam service and enabling us to further extend our industry standard market coverage. RaceTeam clients will be presented with a consolidated latency view from all major US Equities markets," said Shawn Melamed, Founder, President and CTO at Correlix.

RaceTeam is an objective, venue-neutral service that enables trading firms to manage and receive objective real-time Latency Intelligence information from various trading venues. The RaceTeam service facilitates greater trading latency insight into each transaction and leads to optimized trading strategies, improved trade execution and streamlined inter-party latency problem resolution.

Together with the BATS Exchanges, Correlix RaceTeam service will provide latency data for all major US Equities markets.

BATS latency data is expected to be available on RaceTeam later this year. For RaceTeam subscription information, please contact your BATS or Correlix sales representative.

About Correlix

Correlix Inc., a leader in independent Latency Intelligence solutions, offers RaceTeam(TM), the leading latency management service providing real-time latency visibility for buy-side, sell-side and liquidity venues. Customers rely on Correlix to monitor, measure and minimize latency in trade execution and market data flows in real-time. The company's global client base encompasses the world's largest high frequency trading sell-side, buy-side and market centers as well as low-latency service providers. The majority of the large US exchanges are RaceTeam members, including CHX, EDGA, EDGX, NASDAQ, NASDAQ BX, NASDAQ PSX, NASDAQ PHLX, NYSE, ARCA, ARCA Options, AMEX, CBOE , C2, BATS BZX Exchange, BATS BYX Exchange and BATS Options.

Correlix is headquartered in New York with offices in London and Israel. Correlix is backed by prominent venture capital groups Sequoia Capital, Genesis Partners, Blumberg Capital, Vernon & Park Capital, L.P. and Xenia Ventures.

For more information, please visit http://www.correlix.com.

About BATS

BATS Global Markets (BATS) is a leading operator of stock and options markets around the globe. BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and BATS Europe, an FSA-authorised multilateral trading facility in Europe. Each of these marketplaces is powered by BATS' innovative and proprietary technology that was developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. The company is headquartered in the Kansas City, Mo., area with additional offices in New York and London. For more information, visit http://www.batstrading.com.

    BATS Press Contact
    Stacie Fleming
    +1-913-815-7193
    [email protected]

    Correlix Press Contact
    Tony Miller
    +1-617-418-3024
    [email protected]

SOURCE Correlix Inc