Corvil » Press Releases
Press Releases
- Fixnetix Selects Corvil for Latency Management of its Ultra Fast Market Data Service
- Turquoise Selects Corvil for Low Latency Electronic Trading Infrastructure Assurance
- Corvil Unveils Latest Version of its Latency Management System for High Performance Electronic Trading Networks
- Corvil Shortlisted for Networking Product of the Year
- Corvil secures $12million in New Funding; Vesbridge Partners becomes newest Corvil investor
- Credit Suisse Selects Corvil for Global Low-Latency Networking Deployment
- Corvil to Exhibit as SIFMA 2008 in New York
- Corvil to exhibit at Tradetech 2008 in Paris
- Deutsche Börse Group keeps Algorithmic Traders Primed and Ready using Corvil
- Corvil Delivers Major Breakthrough in Low Latency Networking
- Corvil selected by London Stock Exchange to provide Low-Latency Network Monitoring and Analysis Solution
- Corvil Sponsors John T Lewis Lecture Series
News Coverage
Newsletter
Fixnetix Selects Corvil for Latency Management of its Ultra Fast Market Data Service
November 3, 2008
DUBLIN, IRELAND – Corvil, the global standard bearer in electronic trading and market data latency management, today announced that Fixnetix, a leading provider of ultra-low latency market data, is deploying CorvilNet to monitor latency and demonstrate record performance speed to its customers. Corvil, with operations in Dublin, New York and London, serves a global client base of leading market centers, investment banks, hedge funds and allied service providers. CorvilNet monitors, analyzes and optimizes electronic trading infrastructures against ultra-low latency objectives encompassing market data feeds and order execution traffic.
“To have Fixnetix, a leader in latency-sensitive market data delivery, look to Corvil for enhancing its own performance and infrastructure optimization is a level of peer recognition and trust which doesn’t come along every day; we value and appreciate their endorsement of our technology and business value proposition,” said Corvil CEO, Donal Byrne.
Latency is closely monitored by high frequency trading firms, market centers and allied service providers given its significant impact on trade execution performance. Industry analyst firm TABB Group estimates that low-latency expenditures will almost double, from under $100 million currently to about $170 million by 2010.
“Fixnetix consistently sets the performance standard for end-to-end market data provision, and we’re committed to delivering both ultra-low latency market data and trading infrastructure connectivity for our expanding range of financial customers,” said Fixnetix CEO, Hugh Hughes. “We are one of the few vendors able to deliver proven low latency connectivity without any buffering or loss of data, and adding Corvil and CorvilNet latency monitoring capabilities will prove a valuable addition to our environment.”
With the CorvilNet Latency Management System, customers can proactively specify the latency objectives of their trading and market data infrastructures in terms of meaningful microsecond targets, and automatically and continuously monitor for compliance against those baselines. If latency violations occur, CorvilNet immediately alarms, performs a “smart” packet capture for deep forensics, and provides immediate recommendations for optimizations to re-establish compliance. CorvilNet also measures the headroom available for market surges, traffic growth and impact of new applications or customers on the network.
About Turquoise
Fixnetix is the leading provider of low latency market data and trading infrastructure connectivity to financial institutions such as investment banks and hedge funds. Fixnetix solutions deliver proven end-to-end performance without any buffering or loss of data, ensuring minimal latency to all major trading venues in Europe and worldwide. Fixnetix delivers data in multiple formats, with sub-millisecond transformation if required, with services provided on the wire for reduced support costs, delivery times and ease of integration. Whether co-located as close as possible to any exchange or MTF using Fixnetix’s @Source hosting, or connecting via the company’s Ethernet and fibre network, financial institutions can leverage Fixnetix’s high bandwidth connectivity without routing or hops for lowest latency direct access. For more information about Fixnetix, please visit http://www.fixnetix.com
About Corvil
Founded in 2000, and headquartered in Dublin with operations in New York and London, Corvil’s global client base encompasses leading market centers, investment banks, hedge funds and allied service providers. Recognized as the capital markets technology innovator in network and application latency management, Corvil’s products offer a complete solution for enhancing electronic trading, execution and market data including SLA (service level agreement) compliance, performance monitoring, event troubleshooting and infrastructure optimization.