Proprietary Trading Firm Proactively Improves Execution Quality

Corvil’s continuous insight into venue, system and execution performance drives optimization decisions

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About the Customer

Proprietary Trading Firm:

  • Executes a wide variety of strategies on all major exchanges worldwide
  • Supports multiple asset classes with diverse trading algorithms

Challenge

Delayed and Fragmented Visibility Limited Trading Execution Improvements

The key to continuing the firm’s success rested on its ability to constantly innovate the firm’s investment operations and deliver robust solutions to produce superior transaction execution across multiple venues. Understanding the real-time impact of technology performance on business outcomes was necessary to proactively optimize resources and routing to derive maximum business benefit. However, the firm was challenged by:

  • Gaining rapid, precision visibility across complex, distributed systems to prioritize optimization efforts and support efficient infrastructure operation
  • Inadequate 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 Proactive Optimization Decisions

Deployed in multiple data centers and replacing a series of homegrown and software solutions, Corvil delivered “one-stop shopping” supporting IT operations, trade support, and algo/software development. Corvil provided:

  • Measurement and correlation of the performance impact of each system, infrastructure component, and connected venue on end-to-end transaction performance
  • Insight into performance impact of software updates
  • 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
Support staff productivity
Business impact of technology issues
Development opportunity costs
Mean time to identify and resolve issues

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