For Compliance, Transparency And Forensic Analysis
Regulations such as MiFID II demand an accurate and timestamped record of all trade activity. But this data has huge value beyond compliance. It’s also the key to gaining transparency into client execution and to perform swift forensic investigations.
With zero overhead to your trading systems, Corvil passively captures a record of each trade transaction with nanosecond precision and traceability to UTC (supporting MiFID II, RTS-25).
By analyzing every network packet flowing through the trading infrastructure, Corvil is guaranteed to see and record everything. Corvil’s extensive suite of analytic plugins support Order Flow, Middleware, Market Data and bespoke applications.
Being able to accurate measure the decision time of an Algo is key to optimizing it’s performance. See how Corvil provides real-time visibility into Algo decision latency.
Corvil tracks the entire lifecycle of every client order, allowing you to quickly answer questions such as, “How many partial fills were there for order XYZ?”
If you’d like to understand how quickly your trading gateway is processing clients orders, Corvil provides the answers, by tracking the latency of every message, in both directions.
MiFID II demands order records be stored for a minimum of 5 years, and RTS-25 stipulates accurate time-stamps are recorded with traceability to UTC. How do you do that?
It’s important to understand venue performance, to help resolve client enquiries fast but also to ensure the infrastructure is scaled appropriately.
Corvil’s Multi-hop Analysis automatically tracks the path an order takes, revealing the latency across each hop.
Corvil gave us the ability to capture network packets and replay them back to generate the network traffic as it shows up on the wire. It enabled a real world testing rather than a simulated one.
Recorded with UTC synchronized, nanosecond time-stamps, Corvil provides a highly granular and actionable audit trail of all activity, accurately time sequenced to understand cause and effect.
See infrastructure latency in true real-time with flexible and intuitive dashboards. Explore and interact with the data. Quickly drill into events to investigate root cause, or select longer time periods to spot trends, performance patterns & anomalies.
Corvil’s correlation engine reports the per-message latency across each infrastructure hop. It takes care of multiple protocols and messaging changes that occur across devices such as Gateways and SORs.
Using Microburst rather than average measurements, Corvil provides a detailed understanding of transient and dynamic loads, enabling infrastructure components to be correctly scaled to meet performance requirements.
Corvil’s multi-hop analysis tracks transactions across network and application hops, to execution venues and back again. It provides an intuitive and graphical representation of the latency over the entire journey.
Analysing transactions in real-time reveals performance anomalies as they happen. When latency spikes occur, Corvil immediately notifies operations teams and provides the crucial data to understand and resolve the event.