Latency Management Software delivers trade visibility.
July 17, 2012 -
Equipped with Trade Lens module, CorvilNet 8.0 presents business users with intuitive and concise view into key metrics such as fill rate, traded volume, cancel to order ratios, order types, and latency profile. Management Reporting feature enables users to create customized reports containing trading, business, and infrastructure information, and email reports directly to requested recipients. Advanced Deployment Management makes experience of complex deployments available to every user.
|Original Press release |
2nd Floor, 6 George's Dock
Corvil Brings Latency Management to the Broader Market
LONDON and NEW YORK -- New release adds business level trade visibility, simplifies configuration and maintenance, and introduces lower cost appliance.
Corvil, a provider of latency management systems for global financial markets, today announced a major addition to its Latency Management System. The new release features a business visibility module titled Trade Lens, Management Reporting, Advanced Deployment Management, and a new lower cost appliance.
The Trade Lens transforms the business visibility offered by the Corvil solution. It presents business users with an intuitive and concise view into key metrics such as fill rate, traded volume, cancel to order ratios, order types, latency profile, and session errors. These metrics can be aggregated over sessions, customers, gateways, protocols, venues or any other user-defined grouping. In keeping with Corvil's ethos to provide a single solution to serve all business units and asset classes, the Trade Lens views are fully configurable and are integrated with Corvil's Role Based Access Control.
With Management Reporting, Corvil has added the ability to create customized reports, containing trading, business and infrastructure information, these reports are emailed directly to the requested recipients. Management Reporting streamlines the creation and sharing of critical performance information with senior management and, where appropriate, with clients and counterparties.
As the technologies and techniques previously concentrated in HFT have become mainstream, trading organisations everywhere have had to acquire new skills and knowledge.
Advanced Deployment Management makes the know-how and the experience of complex deployments available to every user of the product. Complex multi-stage correlations are now easy to implement and debug with a new GUI helper, and hundreds of trading protocols will now self-configure.
The new appliance, the CNE-2100, with 4 x 1G monitoring ports, offers the full CorvilNet solution at a significantly reduced price point, without compromise on performance or functionality. The CNE-2100 will allow organisations to upgrade legacy performance management solutions with the Corvil solution at a much improved price point.
"Latency Management, providing the necessary visibility into high speed trading systems, has moved from being a highly specialised requirement for a niche set of trading shops to become a critically important function for all trading organisations in today's global financial markets," said Donal O'Sullivan, VP of Product Management at Corvil.
"With this release we have lowered the barrier to entry to low-latency trading technologies for the broader market. It is now less costly to purchase latency management, quicker to deploy and maintain these trading systems, and simpler to visualise and share the critical business knowledge."
The new release is currently in trial with select customers and will be generally available from 1st September 2012. Please contact your Corvil representative for early visibility into what CorvilNet 8.0 can do for you. You can also reach us at http://www.corvil.com
Corvil is a provider of Latency Management systems for global financial markets. The company was founded in 2000 and operates from New York, London, Singapore, Tokyo and Dublin. Customers use Corvil for precision monitoring, troubleshooting and reporting of performance for their trading applications and networks. In addition, Corvil's products are used to demonstrate latency compliance and transparency of services such as co-location, direct feeds and Direct Market Access (DMA) offered to trading clients. For more information on Corvil, please visit http://www.corvil.com