Turquoise, the pan-European trading platform established by Europes investment banks, has deployed CorvilNet to monitor trading systems within its London-based market centere. Corvils global client base encompasses market centers, investment banks, hedge funds and allied service providers. CorvilNet monitors, analyzes and optimizes electronic trading infrastructures against ultra low latency objectives, encompassing market data feeds and order execution traffic.
Turquoise whose members include the largest banks and brokers active in European trading, as well as specialist trading firms and institutions with local, regional and sector focus recognizes technological innovation as critical to its success; a latency reduction measured in microseconds can offer a significant competitive advantage to a market centeres customers.
“Early in our design process, we decided that market leading low latency and high throughput would be hallmarks of our platform,” says Yann LHuillier, Turquoise CTO. “As such, Turquoise identified CorvilNet as the management solution that would help in delivering on our promise, particularly as the business grows.”
With the CorvilNet Latency Management System, customers can proactively specify the latency objectives of their trading and market data infrastructures in terms of meaningful microsecond objectives, and automatically and continuously monitor for compliance against those baselines. If latency violations occur, CorvilNet immediately alarms, performs a smart packet capture for deep forensics, and provides immediate recommendations for optimizations to re-establish compliance. CorvilNet also measures the headroom available for market surges, traffic growth, or impact of new applications or customers on the network.
“Corvil is increasingly viewed by the global electronic trading industry as the go-to source for innovation in latency management and optimization; Turquoises decision is further testament toward this trend,” says Donal Byrne, Corvil CEO.
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