Corvil » Press Releases
Press Releases
- Corvil Delivers The First Multi-Team Latency Management Platform
- Corvil and NASDAQ OMX to Provide Latency Transparency for NASDAQ OMX Family of Trading Platforms
- Americas Trading Group (ATG) Deploys Corvil for Latency Management of their Execution Platform
- Corvil’s Latency Management Platform Deployed as a Managed Service for Tier One Canadian Bank
- Corvil Opens Asia Office in Singapore to Support Further Growth
- Handelsbanken Teams With Corvil to Manage Bandwidth and Optimize Trading Floor Performance
- Corvil Adds Multi-Dimensional Trade Performance Analysis and Visualisation to its Latency Management Platform
- Corvil Teams With International Securities Exchange (ISE) To Deliver Real-Time Latency Monitoring and Transparency
- Corvil Used To Validate Performance of Nomura’s European Ultra-Low Latency Trading Service
- Thomson Reuters Teams with Corvil to Deliver Complete Visibility for Data and Trading Latency
- Corvil Deployed at SIX Swiss Exchange to Optimize Market Centre for Low-Latency Performance
- Singapore Exchange (SGX) Selects Corvil For Latency Management
- Corvil Enables Nomura to Achieve Nanosecond Latency Monitoring for Clients
- Corvil Achieves Industry-First With Latency Monitoring For New Millennium Exchange From The London Stock Exchange Group
- CBOE Deploys Corvil to Optimize Its Market Data Infrastructure for Low Latency
- Corvil Extends Latency Management Platform for Direct Market Access and High Speed Trading Services
- Interactive Data Selects Corvil for Latency Monitoring of its Global Market Data and Trading Services Infrastructure
- FFastfill Selects Corvil for Latency Management of Their Trading Infrastructure
- NYSE Technologies and Corvil Announce LatencyStats.com
- Corvil Delivers First Ever Unified Application and Network Latency Management System
- Corvil Recognized As Laureate By The Computerworld Honors Program
- Corvil Achieves Industry-leading Scale and Performance with Two New Additions to the CorvilNet Latency Management System
- Deutsche Börse Systems Utilizes Corvil to Provide Unprecedented Latency Transparency
- Alpha Trading Systems Selects Corvil to Optimize Its Trading Platform for Low-Latency
- Fixnetix Selects CorvilClear To Drive Inter-Party Latency Management
- Morgan Stanley Selects Corvil for Inter-Party Low Latency Management of their Next Generation Electronic Trading Infrastructure
- Corvil Launches Integrated Market Data Quality Analysis for High Frequency Trading
- Thomson Reuters Selects Corvil for Low Latency Monitoring & Optimization of their Global Infrastructure
- Corvil Rolls-out CorvilNet 5.1
- Corvil Launches CorvilClear
- Corvil Announces Deployment with CME Group
- BT Joins Forces with Corvil to Expand Low Latency Capabilities within Global Capital Markets
- 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 secures $12million in New Funding; Vesbridge Partners becomes newest Corvil investor
- Credit Suisse Selects Corvil for Global Low Latency Networking Deployment
- Deutsche Börse Group keeps Algorithmic Traders Primed and Ready using Corvil
- Corvil selected by London Stock Exchange to provide Low Latency Network Monitoring and Analysis Solution
News Coverage
Corvil News
Fixnetix Selects CorvilClear To Drive Inter-Party Latency Management
And Transparency Between its Client Base of Market Participants and Global Liquidity Venues
London and New York, 16 November 2009 – Corvil, innovator of electronic trading and market data latency management systems, today announced that Fixnetix, the leading provider of ultra-low latency market data and trading connectivity to liquidity venues worldwide, is partnering with Corvil to offer CorvilClear to its global client base of financial institutions. CorvilClear is the first inter-party latency management system developed for the global electronic trading industry.
“Our business is focused on providing market participants with a competitive edge in their electronic trading and market data infrastructure, by providing the most innovative technologies and services that deliver ultra-low latency,” said Fixnetix Chief Executive Officer, Hugh Hughes. “Fixnetix utilise Corvil probes to ensure our end-to-end latency metrics remain the lowest possible in the industry. CorvilClear is the preferred solution for inter-party latency management with many of our clients and we look forward to providing them with Corvil’s advanced latency measurements and analytics to multiple markets for further optimization of their trading strategies.”
Launched in April of this year, CorvilClear utilizes peer-to-peer latency sharing technology to exchange precise performance data and analytics among trading partners – market participants, liquidity destinations and market service providers – in a scalable manner. Peering parties mutually agree to the level of transparency, and enforce the latency sharing policy securely without exposing any privileged information.
“This new deal signifies a major expansion by Fixnetix of CorvilNet within their internal infrastructure and a strong commitment to latency transparency via the adoption of CorvilClear,” said Corvil CEO, Donal Byrne. Fixnetix has been a client since October 2008 when it purchased CorvilNet for latency management of their network. “The deployment of CorvilClear to multiple markets enables Fixnetix to competitively differentiate their low-latency connectivity and market data distribution services to electronic trading clients,” said Byrne.
CorvilClear is available immediately via Fixnetix for fourteen markets globally, with plans to augment up to 35 markets in 2010.
CorvilClear is a peer-to-peer (P2P) based technology for the secure exchange of latency measurements and analytics between cooperating parties, and does not require a central mediation authority. CorvilClear leverages Corvil’s time synchronization technology that uniquely overcomes the requirement for all parties to use common clock synchronization (e.g., GPS). CorvilClear acts as a catalyst for trading parties to leverage existing business relationships for their collective benefit without the need to divulge sensitive or proprietary information. Specifically, a trading organization with a trusted set of venue and provider relationships can use CorvilClear to achieve latency management and transparency across the full trading infrastructure.