NYSE Technologies on Thursday will introduce a service that displays up-to-the-minute statistics on how fast it delivers details on orders and transactions to customers.

The technology arm of NYSE Euronext and Corvil, a software and services firm that helps securities firms manage delays in delivering or receiving information, will announce the launch of a jointly developed website that will deliver immediate and constantly updated snapshots of the time it takes to deliver the market data.

The site, called LatencyStats.com, will show how fast the data is delivered from NYSE Euronext data centers in Weehawken, N.J., and Metrotech, N.J., to a switching center at 111 Eighth Avenue, New York. At that site, the data is handed off to customers' equipment.

The Weekhawken center will publish data from NYSE Euronext's Arca electronic exchange, whose order book is known as Arca Book Equities.

The Metrotech center will publish data from the New York Stock Exchange and its OpenBook Ultra order book.

For different slices of time, the site will display the average speed of delivery, the peak or "worst" speed and the speed at which 99.9 percent of traffic fell under. The user can select slices of time ranging from 1 minute to 1 hour to one day to 7 days.

The service will allow trading firms to better plan out their own infrastructure and strategies, so that they can invest in whatever bandwidth or equipment they need to hit their own targets for speed of executing their own subsequent orders and trading strategies, said Mark Scahedel, senior vice president of Global Data Products for NYSE Technologies.

No Outages = Higher Value

"Being fast is really important, but being predictable, we think, adds more value for the customer,'' he said. "Establishing predictability means creating transparency so that they can build behavior patterns."

The constant publishing of the data will have other benefits, said Corvil Chief Executive Officer Donal Byrne.

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