7TICKS SELECTS CORRELIX TO OFFER RACETEAM™ FOR ENHANCED LATENCY TRANSPARENCY

Monday, October 19, 2009

New York, NY, October 19, 2009 - Correlix Inc., a leading provider of objective latency measurement solutions, announced today that 7ticks LLC, has selected Correlix and the RaceTeam™ service to advance its industry leading latency analysis capabilities and to offer greater transparency to its customers. 7ticks, a leading provider of low-latency managed services for the financial trading sector, will leverage Correlix Latency Intelligence™ capabilities to conduct in depth latency and performance analysis on its low-latency trading infrastructure. 

7ticks will also partner with Correlix to offer the RaceTeam™ service to its high-frequency trading clients. Using the RaceTeam™ service, 7ticks customers will be able to monitor in real-time and manage latency associated with order execution to US and European liquidity venues.

“7ticks is pleased to continue providing our customers with the best service and transparency into their managed trading infrastructure through Correlix capabilities. Correlix Latency Intelligence™ capabilities will enable us to perform latency and performance analysis much more efficiently,” says 7ticks CIO, John Heflin. “In addition, the RaceTeam™ service offered by Correlix will allow our customers greater real-time, on-demand visibility into their trade latency.”

The Correlix RaceTeam™ service enables trading firms to manage and, if desired, exchange Latency Intelligence™ information. The service facilitates greater trading-latency insight into each transaction and leads to optimized trading strategies, improved trade execution and faster inter-party latency problem resolution. “7ticks is committed to providing the lowest latency proximity and connectivity managed services to its high frequency trading customers,” explained Correlix Founder and CEO, Shawn Melamed. “We are happy that by joining the Correlix RaceTeam™ service, 7ticks will offer its customers critical, real-time trading latency information to improve transparency and help in gaining a significant edge.”

About Correlix
Correlix Inc., a leader in latency intelligence solutions offers RaceTeam™, 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 flow in real-time. This empowers users to execute a trade or deliver and act on market data in fewer microseconds. 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. 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 7ticks
7ticks is the driving force in high performance trading networks and managed services for direct access to the financial markets. The 7ticks team provides electronic trading infrastructure design, procurement, installation, and hosting services that are enhanced by ongoing management, support, and monitoring solutions. Proprietary trading groups, clearing firms, global investment banks, brokers, market makers, hedge funds, and independent software vendors (ISVs) choose 7ticks for industry leading network performance, reliability, monitoring insight, and cost savings. 7ticks is headquartered in Chicago, IL and has an active worldwide presence, providing direct market access to leading exchanges and proximity/support services in Chicago, New York, New Jersey, Frankfurt and London.