CorvilClear is the first inter-party latency management system developed for the global electronic trading industry.

"Our business is focused on providing market participants with a competitive edge in their electronic trading and market data infrastructure, by providing the most innovative technologies and services that deliver ultra-low latency," said Fixnetix Chief Executive Officer, Hugh Hughes. "Fixnetix utilise Corvil probes to ensure our end-to-end latency metrics remain the lowest possible in the industry. CorvilClear is the preferred solution for inter-party latency management with many of our clients and we look forward to providing them with Corvil's advanced latency measurements and analytics to multiple markets for further optimization of their trading strategies."

Launched in April of this year, CorvilClear utilizes peer-to-peer latency sharing technology to exchange precise performance data and analytics among trading partners - market participants, liquidity destinations and market service providers - in a scalable manner. Peering parties mutually agree to the level of transparency, and enforce the latency sharing policy securely without exposing any privileged information.

"This new deal signifies a major expansion by Fixnetix of CorvilNet within their internal infrastructure and a strong commitment to latency transparency via the adoption of CorvilClear," said Corvil CEO, Donal Byrne. Fixnetix has been a client since October 2008 when it purchased CorvilNet for latency management of their network. "The deployment of CorvilClear to multiple markets enables Fixnetix to competitively differentiate their low-latency connectivity and market data distribution services to electronic trading clients," said Byrne. CorvilClear is available immediately via Fixnetix for fourteen markets globally, with plans to augment up to 35 markets in 2010.