Press Releases

Interactive Data Selects Corvil for Latency Monitoring of its Global Market Data and Trading Services Infrastructure

London and New York, 09 August 2010 – Corvil, a provider of latency management systems for electronic trading and market data, today announced that Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions has selected CorvilNet, Corvil’s precision latency monitoring system, to monitor the latency performance for its global market data and trading infrastructure. 

Interactive Data will use the CorvilNet solution to proactively monitor the quality of market data received from global securities markets, and the performance and low-latency of client connectivity across the Interactive Data 7ticks network.  Interactive Data 7ticks is a global provider of managed ultra-low latency services catering to the electronic trading community.

The CorvilNet solution will be used to monitor the quality of hundreds of market data feeds delivered from exchanges to Interactive Data’s datacenters in the US, Asia-Pacific and Europe. CorvilNet will also monitor the performance of connectivity between datacenters and customer sites.

“Interactive Data is dedicated to providing highly efficient, managed ultra-low latency data services to meet the needs of our electronic trading clients.  The CorvilNet solution provides us with detailed performance statistics and allows us to determine the bandwidth needed to provide the highest quality and lowest latency possible for our clients,” said Jeff Banker, executive vice president, Real-Time Market Data and Trading Solutions for Interactive Data.

Interactive Data selected CorvilNet for its advanced TCP analytics, microburst profiling of market feeds, market data gap detection, and the ability to measure one-way latency for multicast feeds simultaneously as critical capabilities of the solution.

“The performance of market data feeds is critical to the success of high performance trading.  Interactive Data serves some of the largest and most active participants in those markets. We are very pleased that our CorvilNet solution will be used to monitor the latency performance of their global trading infrastructure,” said Corvil CEO, Donal Byrne.