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***For Immediate Release***
cPacket Joins Securities Technology Analysis Center (STAC)
Inventors of "Pervasive Network Intelligence" Bring Their Unique Technology and Insights to Optimizing High-performance Trading Networks
MOUNTAIN VIEW, CA – JULY 13, 2010 – cPacket Networks, Inc. the leading provider of pervasive network intelligence technology, today announced that it has joined the Securities Technology Analysis Center (STAC®). STAC is focused on helping end-user financial firms understand the performance of their existing systems and of new technologies they wish to adopt. cPacket will participate in the STAC Benchmark Council, a group of trading firms and vendors focusing on measuring the performance of algorithmic trading systems.
“Recently, in the competitive area of low-latency algorithmic trading, the need to measure network performance accurately has become of profound importance,” says Rony Kay, cPacket founder and CEO. “We have seen time and again that lack of accurate information about network performance and latency leads to incorrect and wasteful optimization efforts. Without granular visibility into these, traders are exposed to latency arbitrage and can literally lose billions of dollars to competitors who better optimized their network performance and applications’ response time.”
Kay explained that STAC's focus on making the performance of existing systems more transparent to traders, and the benefits to them of new technology more obvious, is consistent with cPacket’s mission. “We’ve developed a family of products and solutions to enable complete network visibility including specific products for measuring network latency and microbursts for the high-performance trading community,” says Kay.
cPacket's efforts have received an extremely positive reception among the financial community for whom optimizing network performance and eliminating latency — sometimes on a microsecond basis — has become a critical business objective. “We look forward to contributing our unique technology, insights and experience to achieving greater understanding of the inner workings and detailed behavior of high performance trading systems and data centers.” says Kay.
cPacket Networks is an emerging leader in solutions and technologies that offers breakthrough, Pervasive Network Intelligence™ at a fraction of the complexity, power, or cost of preexisting approaches. Based upon its powerful “complete packet inspection” architecture and unique chips, cPacket provides manufacturers of routers, switches and other network appliances a low-impact means to easily drop game-changing, wire-speed active network traffic analysis and response directly into their existing or planned designs — whether targeted at the service providers, the enterprise, or the small office. The exploding use of 10 Gbps networks and beyond to support a relentless growth in media-centric applications makes the availability of truly pervasive network intelligence timely and critical.
cPacket was founded in 2003 and is located in Mountain View, CA. For more information, visit www.cpacket.com.