Corvil, provider of latency management systems for financial markets, today extended the capabilities of its CorvilNet solution to include in-depth analysis of latency and trading performance for the entire trading loop.
This includes end-to-end and segment-by-segment monitoring of latency of an order as it is sent from the buy-side to sell-side, processed and routed through to the final liquidity destination. The enhanced functionality allows measurement of the algorithm latency from receipt of the tick update to issue of the order ("tick to trade") and the matching engine latency from receipt of the order to update of the market data feed ("trade to tick"). Support for proprietary applications and protocols is provided by the CorvilNet Software Development Kit (SDK), a self-contained software development and test environment, which is also released today.
CorvilNet provides real-time analysis and understanding of the performance of trade order flow, market data, the underlying infrastructure and execution venues. CorvilNet identifies individual orders, by order ID or other application-layer content, and pinpoints exactly where latency is occurring across multiple, transforming hops. Latency measurement across Direct Market Access (DMA) systems including all internal hops and decision latencies is supported. New orders, modifies, cancels, etc. are correlated with all responses for complete order tracking and market response time analysis.
The Schneider Group has been using the new release of CorvilNet to enhance their high-performance trading services. "Our focus is to provide our clients with the fastest connectivity and lowest-latency trading infrastructure possible. CorvilNet has been very effective in providing us with real-time latency measurements from our traders through our applications and out to the venues. This in-depth analysis and understanding of latency at a very granular level enables us to quickly take action to optimize the performance of our entire trading services," Collin Coleman, Chief Operating Officer, The Schneider Group.
Significant benefits of the new CorvilNet release include:
- Ability to provide clients with details of end-to-end order ls order ls of end-to-end order processing
latency for the market open and close, for the past day, past week, or
continuously via a live portal.
- Rapid detection and resolution of potential client latency issues
before they become a problem for the client.
- Verification you are getting the speed and performance improvements
expected from your trading applications, infrastructure and services,
and that the improved performance continues as your business scales.
"The addition of complex application latency tracking and the new SDK provide our customers with the platform to understand trading performance in real time and at scale," said Donal O'Sullivan, VP of Product Management at Corvil. "CorvilNet continues to be the only product on the market supporting integrated application and network latency management and the new release delivers even greater benefit to providers of high speed execution and trading services."
The CorvilNet DMA / Trading Services upgrade and CorvilNet SDK are available today.