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This service will offer both a wide geographic reach, with Savvis deploying a number of additional CorvilNet appliances to monitor data traffic across its global network, as well as accurate insights into end-to-end latencies, since Savvis hosts or provides cross-connected access to up to 20 different trading venues, including equities, derivatives and foreign exchange markets around the globe.

Phased Rollout

Savvis began working with Corvil last September, and in the first phase of the rollout deployed the vendor’s CorvilNet appliances to monitor the latency of data transfer within its financial network. “They initially rolled out our products internally… mostly to monitor market data quality and overall latency within their network,” says Corvil chief executive Donal Byrne.

The second phase of the rollout, which has just begun, will see Savvis double the total number of CorvilNet appliances deployed, while also installing the vendor’s CorvilClear peer-to-peer latency sharing software, which will allow Savvis to share latency information with clients and provide them with a fully managed latency monitoring service.

Savvis will use CorvilClear across its network to provide clients with a full range of real-time latency statistics, but can also use the peer-to-peer technology to share latency information with other firms that already use Corvil to monitor their own infrastructures, allowing them to get a more complete picture of market data latency, all the way from co-location datacenters where trading venues host their matching engines to data-consuming applications on clients’ own premises.

Savvis officials did not return calls for comment by press time.
Jean-Paul Carbonnier