The Chicago Board of Options Exchange and Lime Brokerage bought the company RaceTeam service latency measurement service.
Trading software developer Correlix Inc. has agreements with two leading US financial entities: the Chicago Board of Options Exchange and Lime Brokerage LLC, for the company's RaceTeam service for monitoring, measuring and analyzing order and market data flows in real-time. The company did not disclose the size of the orders.
Xenia Venture Capital Ltd. (TASE:XENA) owns 6.46% of Correlix. Other shareholders are Israeli venture capital funds Sequoia Capital and Genesis Partners, and US funds Blumberg Capital and Vernon & Park Capital.
The Chicago Board of Options Exchange is the largest US options exchange and creator of listed options. Lime Brokerage an independent agency broker. Both chose the RaceTeam latency measurement service to achieve full latency transparency of order processing and market data flows.
Published by Globes [online], Israel business news - www.globes-online.com - on November 21, 2010
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