Scaling Infrastructure for Optimal Price Discovery
IPOs, global news events and general market volatility all drive spikes in market data feeds. Derivatives feeds are notoriously bursty with underlying price movement triggering updates across many related instruments.
If the infrastructure isn’t scaled correctly, surges in market activity can cause data to be queued, delayed or even lost, leading to stale or incomplete price.
Corvil’s patented microburst and bandwidth prediction technologies allow infrastructures to be appropriately and economically scaled to assure the delivery of high quality market price.
Corvil’s patented technologies measure the per-packet latency of market data feeds between sites. It also relates latency performance to microburst activity, identifying if issues are due to the service provider or traffic congestion.
Measure the relative arrival times and latency profiles of resilient market data feeds to the same location, or between locations, such as Proximity and co-location.
It’s difficult to know if you’re really getting the market data feeds and bandwidth you’re paying for. Corvil validates which market data feeds are being delivered and whether the feeds’ bandwidth usage and performance aligns with your service level agreements.
It’s important to understand venue performance, to help resolve client queries fast but also to ensure the infrastructure is scaled appropriately.
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?
Are the clients or desks with the highest data rates also the ones who generate the highest revenue? Corvil provides the numbers.
Corvil has helped us get a handle on the ever increasing bandwidth requirements of exchange feeds and identify microburst issues from exchanges.
Engineer, Large Enterprise Telecommunications Services Company
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 market data feeds. 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.
Analyzing 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.