Corvil » Solutions

Electronic Market Centers

1. Solution Overview

To attract and retain liquidity from automated trading clients, market centers aim to provide a high performance, low latency market data and trading platform. This requires managing latency and throughput across diverse systems, ranging from matching engines to the trading venue core network, to proximity services and client WAN connections. The ongoing process of performance management must simultaneously keep abreast of ever rising customer expectations and ever increasing traffic volumes.

CorvilNet is designed to ease the challenge of latency management throughout a live distributed trading system. It continuously monitors latency and traffic load at highly granular timescales, verifies that programmed service level targets are met, and deploys advanced troubleshooting and optimization capabilities when they are not. CorvilNet presents a comprehensive latency management feature set, including high-speed always-on packet capture, microsecond precision latency measurement, and advanced message and network-layer analytics.

Uniquely, CorvilNet correlates application behaviour either within or between trading sites and interconnected parties, using patented techniques that are lightweight, scalable and secure. These capabilities enable an end-to-end performance view that eliminates the important blind-spots afflicting electronic trading today.

Example applications of CorvilNet include:

2. Market Data Distribution

Manage latency for market data traffic across your internal networks and systems, using CorvilNet appliances deployed near feed aggregators and at the network edge.

• Track performance both end-to-end and segment-by-segment using precision microsecond latency measurement.
• Monitor latency in both LAN and WAN environments using CorvilNet's uniquely scalable architecture.
• Verify market data quality throughout the infrastructure with sequence gap detection and advanced TCP performance analytics.

3. Order Execution

Monitor transactional latency across the matching systems and across the network.

• Generate complete historical records with built-in latency analytics using always-on high speed packet capture.
• Track the end-user's performance experience using TCP metrics designed specifically for electronic trading.
• Diagnose issues caused by service provider performance, client connectivity problems, or trading system latency.

4. Connectivity Management

Track client's WAN connection performance and help them determine connectivity and bandwidth requirements.

• Determine bandwidth needs for specified latency and loss objectives using CorvilNet's automated bandwidth sizing capability.
• Identify bottleneck points and upgrade requirements for short timescale traffic loads revealed using microburst detection.
• Provide scalable and secure end-to-end performance visibility using CorvilNet's inter-party latency monitoring.