Real-Time Trading Infrastructure Performance Monitoring and Analytics with xMetrics®

Real-Time Trading Infrastructure Performance Monitoring and Analytics with xMetrics®

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What is Real-time Trading Infrastructure Monitoring and Analysis (RTIMA)?

Real-time trading infrastructure monitoring and analysis (RTIMA) is the process of capturing, decoding and understanding the network traffic that contains orders, trades and market data within an electronic trading environment. This involves monitoring the interactions between and within trading systems, exchanges, brokers and networks to ensure that orders and trades are executed correctly and efficiently.

 

Why is RTIMA increasingly important?

In today’s fast-paced electronic trading world, financial institutions face pressure to meet more demanding regulatory standards, deliver best execution, and maintain transparency. RTIMA, with its multi-platform reach, helps with:

  • Compliance: Ensures adherence to market regulations (MiFID II, SEC 606)
  • Transparency: Provides visibility into order lifecycles from submission to execution
  • Performance Optimization: Identifies network or application issues that might impact latency or execution quality
  • Risk Mitigation: Helps detect anomalies like market abuse or operational errors that can lead to costly losses

 

Who needs RTIMA and why?

RTIMA is critical for a variety of financial market participants, including:

  • Sell-Side Firms: Brokers and dealers who execute trades on behalf of clients, optimizing execution performance and delivering differentiated service offerings.
  • Buy-Side Firms: Hedge funds, asset managers, and institutional investors monitoring their own trading activities to enhance execution performance and trading strategies.
  • Exchanges and Trading Venues: For monitoring order flow and ensuring market stability whilst maintaining operational efficiency and market integrity.
  • Compliance Teams: Ensuring adherence to internal policies and external regulations to mitigate regulatory and operational risks.
  • IT & Network Teams: Monitoring infrastructure and trading systems to ensure they are optimized and efficient, with application support to resolve any performance issues.