TS-Associates, the leading supplier of precision instrumentation solutions for latency sensitive trading systems, has acquired the assets of Correlix, a latency management service provider. With this acquisition, TS-Associates now offers the most comprehensive range of instrumentation solutions for electronic trading systems, with best-of-breed latency monitoring and trade flow analysis capabilities, appealing to both technology and business users and with proven features at every layer in the technology stack.
The Correlix product becomes an additional offering under the TS-Associates Precision Instrumentation brand, alongside TipOff and Application Tap. The availability of these products installed side-by-side on the same appliance with a unified user interface based on contemporary Web 2.0 technologies is also planned, leveraging TS-Associates’ “quantum leap” user interface framework.
The acquisition benefits Correlix customers directly as they can now expect continuity of service, a sustained road map for the product and the integration of TS-Associates' Application Tap, which enables software component instrumentation. The next product release will be Correlix 5.0, featuring support for nanosecond precision, decoder and user interface SDKs, and other significant product enhancements.
TS-Associates’ existing TipOff customers will benefit from Correlix’s proven InfiniBand monitoring capability, a wider range of protocol decoders, a best in class Quality Assurance facility and a proven managed service delivery capability.
As a result of the acquisition, TS-Associates adds data centre and enlarged office facilities in Wall Street, New York together with a development centre in Herzliya, Israel.
Henry Young, CEO of TS‑Associates, says, “Following this acquisition we have all the technology assets required to offer a truly compelling range of Precision Instrumentation capabilities to the market. Correlix developed a competent, mature and powerful product. It is a good fit with TipOff in terms of both technology and commercial synergies.”
Shawn Melamed, CEO of Correlix, says, “I believe that the addition of Correlix to TS‑A’s Precision Instrumentation product suite creates the most comprehensive offering available today in the latency monitoring space. I have always been impressed with TS‑A’s technology. Therefore I am excited that our customers can benefit from a strong partner that will provide continuity of support and development in addition to integration with TS‑A’s unique capabilities inherent in TipOff and Application Tap.”
Shawn Melamed will act as a consultant to facilitate the smooth transition of existing Correlix customers over to TS-Associates.
Raymond Marra, COO Americas, says “During prior head-to-head evaluations, some customers would ideally have liked parts of TipOff and parts of Correlix. They no longer have to choose as a result of our product integration plan which will deliver seamless performance and operational benefits to both our existing and new customers.”