Corvil, engaged in electronic trading and market data latency management systems, rolls out CorvilNet 5.1 and deployment of the latest version of its core software platform by the companys newest client, agency broker Neonet.
CorvilNet monitors, analyzes and optimizes electronic trading and market data applications against ultra-low latency objectives within a firms infrastructure and externally through CorvilClear, a policy-based, peer-to-peer sharing of latency and loss performance data between remote sites and interconnected parties.
Key enhancements of CorvilNet 5.1 include latency measurement of messages (e.g. FIX) that, combined with packet level measurement, provide a deeper and more sophisticated view of trading infrastructure performance. A new multicast gap detection feature monitors market data feed quality and pinpoints inconsistencies.
Corvil has additionally ratcheted up the sophistication level for traditional application performance features such as TCP (Transmission Control Protocol) roundtrip measurements that are often inaccurate when applied to high frequency trading applications.
Corvils new TCP analysis capability for trading applications measures roundtrip times not only during connection set-up but also continuously for every segment sent and acknowledged. Live trader dashboards facilitate centralized client and business reporting of real time performance statistics for market data and electronic trading, providing traders an overall operational view across multiple Corvil appliances. With CorvilNet 5.1, Corvil has also significantly elevated performance and scalability through migration from a 32-bit to 64-bit architecture.
Neonet pointed to CorvilNet 5.1s roundtrip measurements and diagnostics tools for optimizing message bus latencies of the firms agency algorithms as standout features. Neonet plans to deploy CorvilNet 5.1 in multiple locations including Stockholm, London, New Jersey and Frankfurt.
Latency management is a category breakthrough, and CorvilNet was a first in pioneering this emerging segment that extends beyond ad hoc latency measurements to include both microsecond application service level monitoring together with real time infrastructure analytics for streamlined, low-latency trading, says Donal Byrne, CEO, Corvil.
CorvilNet 5.1 raises the bar for latency management systems with the integration of a host of new powerful features and performance improvements and the Neonet win underscores this value proposition.
Maintaining a low-latency trading infrastructure is essential for driving our electronic execution business, says Simon Nathanson, CEO and president, Neonet. The velocity of Neonets direct market access, algorithmic, smart order routing and real time market data services must continuously operate at peak, ultra low-latency performance levels, and will now have a strong catalyst in CorvilNet 5.1. Our focus is to provide clients with an even more efficient service.
L.D.