Recognizes Corvil’s contribution to shaping the future of trading technology
DUBLIN, IRELAND - April 13, 2018 — Corvil today announced its CEO Donal Byrne, has been recognized for the fifth consecutive year by Institutional Investor in its 2018 Trading Tech 40, which honors the world’s most powerful trading executives.
Under Byrne’s leadership, Corvil has become the gold standard in machine-time analytics for financial institutions across the globe, and proudly counts nearly every major stock exchange and global bank as a customer. Corvil’s vision, to provide trading businesses with the optimum intelligence to achieve superior execution outcome, operate with full transparency, and have the trusted data for regulatory compliance and cyber risk management, remains razor-focused.
"It is a great honor to again be recognized by Institutional Investor and I sincerely thank our customers and employees for their role in Corvil’s successful journey," said Donal Byrne of this year’s placement.
In today’s competitive trading landscape, where those who have the best information and react fastest have the advantage, Corvil empowers firms with insight into client and trader intelligence, market data quality, order and transaction performance, and technology infrastructure and application performance to optimize execution.
While financial regulations such as MiFID II and Consolidated Audit Trail (CAT) have enabled Corvil to showcase industry-leading precision in cross-asset class order record keeping and nanosecond time-stamping to help clients meet compliance, the firm has also expanded capabilities in cyber risk protection. In May last year Corvil developed “Cara”, the world’s first virtual security expert to address cybersecurity in financial markets, which leverages machine learning to solve sector’s "execution performance versus cybersecurity" challenge.
Central to Corvil’s success has been an unwavering commitment to continuous innovation. Corvil is committed to supporting customers in successfully navigating and excelling in a highly fluid and unpredictable trading environment impacted by new technologies, regulations, and cyber risks. To meet this need, Corvil has more than tripled the size of its data science and machine learning teams over the last two years to bring new capabilities to satisfy market demand for tools that enable insight-powered performance.
"Since regulators levelled the playing field, the arms race for speed has shifted to the arms race for ‘trading intelligence’. This is where Corvil can help. Our machine-time intelligence for execution performance, client experience, regulatory compliance as well as cyber risk surveillance, can help our customers achieve advantage in a highly competitive market," concludes Byrne.
Corvil is the leader in performance monitoring and analytics for electronic financial markets. The world’s financial markets companies turn to Corvil analytics for the unique visibility and intelligence we provide to assure the speed, transparency, and compliance of their businesses globally. Corvil watches over and assures the outcome of electronic transactions with a value in excess of $1 trillion, every day.
Press Office at Corvil
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