Wire time is a metric for measuring latency. It is the time that Beeks Analytics calculates between the SendingTime timestamp written within the message and the time it is observed at the Visibility Point.
Wire time is also known as App-to-wire latency.
This measurement is calculated for every trading and market data message that can be decoded, and the resulting latency calculation is recorded as an aggregated timeseries. This allows problems to be identified immediately, and also patterns over the course of a trading day, week, or month to be easily analysed. These latency patterns are available to view in VMX-Explorer and in the Beeks Portal.