Market Maker Advances Innovation and Prioritizes Optimization

Corvil's continuous, real-time insights improves optimization decisions and execution performance

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About the Customer

Market Maker:

  • Provides liquidity in global energy, commodity and financial futures markets
  • Operates through multiple channels such as electronic exchanges and call-around markets

Challenge

Limited Visibility and Resources to Optimize Technology Performance and Trading Outcomes

The key to sustaining the firm’s success rested on its ability to continuously innovate the firm’s market making and investment operations and deliver robust solutions to produce superior transaction execution. Understanding technology performance and its real-time impact on business outcomes was necessary to know where to focus resources to derive maximum business benefit. However, the firm was challenged by:

  • Gaining rapid, precision visibility and insights across complex, distributed systems to prioritize optimization efforts and support efficient infrastructure operations
  • Delayed and fragmented insight into venue, system and execution performance degradation
  • Opportunity costs of dedicating significant resources to develop visibility, analytics and collaboration capabilities required
    for proactive oversight

Solution

Continuous, Real-Time Insight to Drive Optimization Decisions

Deployed in multiple data centers to analyze electronic trading flows across multiple transaction types, systems, protocols, and venues, Corvil provided:

  • Systematic visibility across the entire environment, in real-time and retrospectively
  • Measurement and monitoring of the performance impact of each system, infrastructure component, and connected venue on end-to-end transaction performance
  • Insight into impact of software updates on end-to-end performance
  • Proactive oversight of execution performance across various venues to optimize trade routing decisions
  • Analytics-driven workflows for rapid problem identification, isolation, and resolution

RESULTS

Improved Delivery and Execution Performance

Return on optimization investment
Revenue resulting from system optimization
Business impact of technology issues
Development opportunity costs
Mean time to identify and resolve issues
Time to market for a critical capability on strategic technology/business roadmap

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