Corvil, provider of latency management systems for financial markets, extended the capabilities of its CorvilNet solution to include in-depth analysis of latency and trading performance for the entire trading loop. This includes end-to-end and segment-by-segment monitoring of latency of an order as it is sent from the buy-side to sell-side, processed and routed through to the final liquidity destination. The enhanced functionality allows measurement of the algorithm latency from receipt of the tick update to issue of the order and the matching engine latency from receipt of the order to update of the market data feed. Support for proprietary applications and protocols is provided by the CorvilNet Software Development Kit (SDK), a self-contained software development and test environment, which is also released today.
CorvilNet provides real-time analysis and understanding of the performance of trade order flow, market data, the underlying infrastructure and execution venues. CorvilNet identifies individual orders, by order ID or other application-layer content, and pinpoints exactly where latency is occurring across multiple, transforming hops. Latency measurement across Direct Market Access (DMA) systems including all internal hops and decision latencies is supported. New orders, modifies, cancels, etc. are correlated with all responses for complete order tracking and market response time analysis.
The Schneider Group has been using the new release of CorvilNet to enhance their high-performance trading services. “Our focus is to provide our clients with the fastest connectivity and lowest-latency trading infrastructure possible. CorvilNet has been very effective in providing us with real-time latency measurements from our traders through our applications and out to the venues. This in-depth analysis and understanding of latency at a very granular level enables us to quickly take action to optimize the performance of our entire trading services,” Collin Coleman, Chief Operating Officer, The Schneider Group.
Significant benefits of the new CorvilNet release include:
• Ability to provide clients with details of end-to-end order processing latency for the market open and close, for the past day, past week, or continuously via a live portal
• Rapid detection and resolution of potential client latency issues before they become a problem for the client
• Verification you are getting the speed and performance improvements expected from your trading applications, infrastructure and services, and that the improved performance continues as your business scales
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