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TMX Group Inc., which operates cash and derivative markets for multiple asset classes including equities, fixed income and energy, has selected NetScout’s nGenius Service Assurance Solution.

Officials with NetScout (News - Alert) said the company’s solution will provide highly critical transaction, application and network performance management capabilities.

Company officials said the TMX Group deployment is leveraging the nGenius Service Assurance Solution for comprehensive, end-to-end real-time and historical service assurance capabilities including the ability to predict emerging performance issues.

According to company officials, TMX Group has also selected Sniffer Financial Intelligence, a purpose built specialized module for high-performance capital market environments.

Fully unified with the nGenius solution, Sniffer Financial Intelligence leverages the same packet-flow data to provide highly optimized views of order messages and market data feeds to understand latency and performance associated with trade order execution and network performance.

“In our business, we invest in leading edge networking technologies to achieve the highest levels of performance and reliability possible,” said Brenda Hoffman (News - Alert), senior vice president and CIO for TMX Group, in a statement.

Hoffman said understanding real-time performance and latency dynamics with micro-second granularity has become an absolute necessity.

He said that the nGenius Service Assurance Solution from NetScout provided the company with a comprehensive and highly scalable approach that can address the volumes in the company’s ultra high performance environment.

“In the high-stakes world of financial trading, order execution and market data must be delivered with a high degree of precision and reliability. Customer expectations are high, and microseconds matter,” said Steven Shalita (News - Alert), vice president, marketing, NetScout Systems.

Shalita said that assuring and optimizing trading transaction performance levels are an absolute necessity as exchanges and traders expect optimal trade timing. Gaining valuable milliseconds impacts profitability, enables higher order volumes and brings a significant competitive edge in today’s fiercely competitive capital markets.

He said that with the nGenius Service Assurance Solution, TMX Group will be able to gain a unified perspective of their trading environment, including latency impact and transaction interdependencies that effect order flow and market data feeds enabling them to improve responsiveness, grow transaction volumes and maintain their leadership position in the electronic trading environment.

NetScout Systems is a major player in Unified Service Delivery Management enabling comprehensive end-to-end network and application assurance.