In a sign of IP communications’ growing role as a hub of financial transactions, a Fremont, California-based application and analysis tools provider today released what it calls a vendor-neutral monitoring, reporting and alerting solution.

 

Officials at ClearSight Networks say their so-called “Cronos” solution is designed to meet the stringent requirements of applications and systems that depend on reliable, low-latency operations, such as financial market information delivery, electronic trading and streaming media.

 

According to Samuel Li (News - Alert), chief executive officer and co-founder of ClearSight, the company has been working for seven years to perfect its visual network and application monitoring and analysis products.

 

“By leveraging our extensive experience into the financial services sector, we were able to introduce the ClearSight Cronos product,” said Li, pictured right. “Cronos is one of only a handful of solutions on the market to detect the microsecond latency levels that affect time-sensitive applications, particularly those deployed in financial trading and streaming media environments.”

 

Company officials say that executing trades using data that is even a few milliseconds old can cost an organization millions in lost transactions. Even so, ClearSight says, electronic trading still makes up nearly 70 percent of the daily volume on the New York Stock Exchange. As it stands, network monitoring solutions have been unable to overcome the technical barriers of data latency and detect performance issues at a competitive rate.

 

“With ClearSight’s introduction of Cronos, financial information managers and traders now have an end-to-end precision measurement solution that allows their organizations to monitor low-latency deployments for performance-related issues and message loss information, even across multiple network segments or hops,” company officials say. “Cronos resolves these issues to the microsecond level, an absolute requirement for the institutions that make up the financial information delivery and trading ecosystem.”

 

Here’s a screen shot of the new solution:

 

 

ClearSight says that Cronos was developed for a global provider of business news and information services looking to deliver time-sensitive information to its subscribers quickly and accurately. Cronos emerged as a solution that makes it possible to minimize network latency and eliminate message loss, allowing financial traders to detect network issues in the time granularity required for optimal network performance.

 

The solution is designed to monitor and correlate messages from collecting agents, calculating the latency for corresponding packets containing financial data from one endpoint to another. Focused on measuring latency, detecting message loss and managing the periods of time – usually less than a second – when major bursts of network usage occur.

 

Here’s a look Cronos’ message loss management tool:

 

 

The solution is set up to passively monitor and capture all network data over extended periods of time – days, weeks and even months – allowing for data analysis, data collection and forensics. It also is meant to visualize and resolve network latency and message loss issues across all seven layers of the network.

 

According to Li, Cronos leverages technology from ClearSight’s Network Time Machine.

 

“In addition to providing latency and message loss detection and management, Cronos is integrated with an ultra high performance, high capacity storage subsystem, allowing for extended recording of all information within your organization’s financial network,” Li said. “This facilitates network analysis, data collection and forensics.”

 

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