Understand the entirety of your order-flow, across all platforms and venues, with CorvilNet's comprehensive suite of trading protocol decoders
CorvilNet’s Trading decoder pack contains real-time decoders for native trading protocols across most major markets, including equities, derivatives and FX. The pack also includes decoders for multiple versions/variants of FIX and middleware protocols.
Many of the trading protocol decoders also include analysis functionality such as order state tracking, fill rate reporting and analysis of embedded exchange timestamps. For example, an order and all its related messages including modifies, partial fills, cancels, etc. are tracked in an order flow decoder. The CorvilNet product leverages this functionality to report fill rate for a given set of orders and show all messages associated with an order with corresponding nanosecond timestamps.