Corvil's global client base encompasses leading market centres, investment banks, hedge funds and allied service providers. CorvilNet monitors, analyses and optimises 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 - recognises technological innovation as critical to its success; a latency reduction measured in microseconds can offer a significant competitive advantage to a market centere's customers.

"Early in our design process, we decided that market leading low latency and high throughput would be hallmarks of our platform," said Turquoise CTO, Yann L'Huillier. "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 optimisations 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 optimisation; Turquoise's decision is further testament toward this trend," said Corvil CEO, Donal Byrne.