Corvil » Press Releases
Press Releases
- 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
BT Joins Forces with Corvil to Expand Low Latency Capabilities within Global Capital Markets
Joint solution enables greater transparency of network latency challenges faced by financial institutions
London, 23 February 2009 – BT today announced it has joined forces with Corvil, an innovator of electronic trading latency management systems, to broaden BT’s low latency portfolio beyond connectivity and hosting and into network latency management. By working with Corvil, BT can now help financial institutions experience greater transparency of network latency challenges across the enterprise, and in particular, for networks used for high frequency electronic trading. As a part of the agreement, BT will leverage CorvilNet, a leading latency management system developed by Corvil that monitors, analyzes and optimizes electronic trading infrastructures against ultra-low latency objectives encompassing market data feeds and order execution traffic. In addition to CorvilNet, BT will provide a dedicated team of business consultants and IT specialists from its 10,000 strong Global Professional Services division that will analyze the reports, identify the hotspots and make recommendations to optimize a customer’s infrastructure.
Joanne Kinsella, Head of Portfolio, BT Global Financial Services, said: “When considering how to reduce latency, the first step is to measure it. By working with Corvil and leveraging their expertise, we can now provide a critical line of sight into the network, which can further reduce latency and improve trading competitiveness.”
Donal Byrne, CEO, Corvil said: “BT is committed to providing its capital markets clients with an optimized infrastructure in support of low latency and high frequency trading. We coined ‘Latency Management System’ to describe a new paradigm, driven by CorvilNet, in which the control and oversight of latency reduction, measured in microseconds, can yield a significant competitive advantage to electronic traders and markets.”
In addition to expanding its efforts in network latency management, BT also remains committed to its existing low latency connectivity portfolio, which includes Radianz Ultra Access and Radianz Proximity Solution. Radianz Ultra Access enables sub-millisecond connectivity between brokers and execution and market data venues in New York and Chicago and soon London. Radianz Proximity Solution locates trading engines near execution venues to reduce market data and trading latency.
About Corvil
Corvil, leader in electronic trading and market data latency management, was founded in 2000 and operates from New York, London and Dublin. The company’s global client base encompasses electronic traders, major market centers, alternative liquidity destinations and service providers including market data, network/hosting and platforms. Recognized as a technology innovator in 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.
About BT
BT is one of the world’s leading providers of communications solutions and services operating in 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.
In the year ended 31 March 2008, BT Group plc’s revenue was £20,704 million with profit before taxation and specific items of £2,506 million.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. For more information, visit www.bt.com/aboutbt