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
Corvil Rolls-out CorvilNet 5.1
Neonet, Global Agency Broker and New Corvil Client, To Deploy Advanced Software Platform
Message Layer Measurement, Market Data Gap Detection and Live Trader Dashboards Top String of New CorvilNet 5.1 Enhancements for Greater, Faster and More Precise Visibility into Latency Management
London and New York, 1 June 2009 – Corvil, innovator of electronic trading and market data latency management systems, today announced the rollout of CorvilNet 5.1 and deployment of the latest version of its core software platform by the company’s newest client, global agency broker Neonet. Corvil, with operations in New York, London and Dublin, serves a global client base of leading incumbent exchanges, alternative trading platforms, electronic traders and market service providers. CorvilNet monitors, analyzes and optimizes electronic trading and market data applications against ultra-low latency objectives within a firm’s infrastructure and externally through CorvilClear, a policy-based, peer-to-peer sharing of latency and loss performance data between remote sites and interconnected parties.
“Latency management is a category breakthrough, and CorvilNet was a first in pioneering this emerging segment that extends beyond ad hoc latency measurements to include both microsecond application service level monitoring together with real time infrastructure analytics for streamlined, low latency trading,” said Corvil CEO, Donal Byrne. “CorvilNet 5.1 raises the bar for latency management systems with the integration of a host of new powerful features and performance improvements and the Neonet win underscores this value proposition.”
Key enhancements of CorvilNet 5.1 include latency measurement of messages (e.g. FIX) that, combined with packet level measurement, provide a deeper and more sophisticated view of trading infrastructure performance. A new multicast gap detection feature monitors market data feed quality and pinpoints inconsistencies. Corvil has additionally ratcheted up the sophistication level for traditional application performance features such as TCP (Transmission Control Protocol) roundtrip measurements that are often inaccurate when applied to high frequency trading applications. Corvil’s new TCP analysis capability for trading applications measures roundtrip times not only during connection set-up but also continuously for every segment sent and acknowledged. Live trader dashboards facilitate centralized client and business reporting of real time performance statistics for market data and electronic trading, providing traders an overall operational view across multiple Corvil appliances. With CorvilNet 5.1, Corvil has also significantly elevated performance and scalability through migration from a 32-bit to 64-bit architecture.
“Maintaining a low-latency trading infrastructure is essential for driving our electronic execution business,” said Neonet CEO and President, Simon Nathanson. “The velocity of Neonet’s direct market access, algorithmic, smart order routing and real time market data services must continuously operate at peak, ultra low-latency performance levels, and will now have a strong catalyst in CorvilNet 5.1. It will also enable us to manage our IT infrastructure more efficiently.”
Neonet pointed to CorvilNet 5.1’s roundtrip measurements and diagnostics tools for optimizing message bus latencies of the firm’s agency algorithms as standout features. Neonet plans to deploy CorvilNet 5.1 in multiple locations including Stockholm, London, New Jersey and Frankfurt.
CorvilNet enables clients to specify and report against precise latency and loss SLAs (service level agreements) for intra- and inter-party application flows; deploy microsecond monitoring for applications and service channels across networks; troubleshoot violations through automated event capture and root-cause analysis; and leverage real time data of anomalies in applications, networks and resource requirements into a more efficient and competitive electronic trading value proposition.
About Neonet
Neonet is a global brokerage firm and technology provider, offering sophisticated brokerage services and effective system solutions, Neonet XG, for securities trading on the world’s leading marketplaces. In addition to being used in the company’s own brokerage operations, Neonet’s in-house developed systems are sold and licensed to professional players. Neonet’s clients are banks, brokerages, institutional investors hedge funds and marketplaces in more than 20 countries. The Neonet share is listed on NASDAQ OMX Stockholm. For more information, please visit http://www.neonet.com.
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, market centers, alternative trading platforms and market service providers. 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.