NET2S understands our product line and will work with our customers to provide complete end-to-end visibility and accurate measurement across any application or protocol
Kew Gardens, NY (PRWEB) October 22, 2008
SeaNet Technologies (http://www.seanet-tech.com), a proven worldwide provider of robust application and transactional performance measurement and reporting solutions, today announced it has been selected by UK-based NET2S as the leading provider of application latency measurement solutions. The companies have entered into a partnership to expand their latency measurement products and services throughout the global capital market.
With more than a decade of experience working with Tier 1 and Tier 2 investment banks, NET2S recently published the first and most comprehensive study of end-to-end trading latency across a variety of asset classes. As part of that research, NET2S assessed tools available for measuring latency.
"After evaluating the various products available on the market, we identified SeaNet's SeaView RTM as one of the very few solutions, if not the only one, that can accurately account for the latency generated by the applications and firewalls," said Frederic Ponzo, Managing Director, NET2S, and one of the writers of the report. "As a consequence, we approached SeaNet in order to form a partnership that would, combined with our own expertise, allow us to offer to our customers the most comprehensive and accurate way to provide the real breakdown of latency across their market data and trading flows," Ponzo said.
The NET2S study reveals that latency can be generated at every step of the processing chain, including the network, middleware and application layers. According to the NET2S study, a network contributes, on average, just 13 percent of a system's overall latency and messaging about 2 percent. Today, the biggest culprits in latency are applications at 65 percent and firewalls at 20 percent.
SeaNet's SeaView RTM open architecture product suite provides the ability to measure, monitor and analyze the key metrics of real-time business transactions for any application. SeaNet is the first company to demonstrate the root causes of performance problems in mission-critical applications.
"SeaNet's partnership with NET2S will help us penetrate the growing EMEA market, where we have identified significant opportunity to introduce SeaView and its ability to reduce the sporadic failures in application performance that result in financial losses," said Raymond Marra, EVP, SeaNet Technologies. "NET2S understands our product line and will work with our customers to provide complete end-to-end visibility and accurate measurement across any application or protocol," Marra said.
NET2S is a leading international business, management and technology consultancy specializing in capital markets. Since its creation in 1996, NET2S has built an impressive track record in consulting & advisory services, delivering complex projects and providing managed services. NET2S works with major sell and buy side firms, technology vendors, data providers and exchanges, with clients including over 50 global financial institutions, in particular 19 out of the 20 top investment banks. NET2S offers solutions for business critical systems across all asset classes, with particular focus on risk, electronic trading and data management. NET2S is publicly quoted on EURONEXT and has over 950 full-time employees globally, with a comprehensive presence in Western Europe and North America. For further information, please visit http://www.net2s.co.uk.
SeaNet Technologies Inc., founded in 2001, is headquartered in New York City and is the worldwide leader in application and transactional performance monitoring and data analysis solutions. SeaNet's SeaView product suite provides a highly accurate and real-time comprehensive data analysis system that enables complete measurement and analysis of any application in business context. SeaNet understands the unique challenges of application monitoring and performance management faced by financial services organizations and enterprise firms. For more information, please visit us at http://www.seanet-tech.com.
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