Corvil, provider of latency and trade performance management systems for financial markets, today announced new trade support capabilities for its CorvilNet platform.
Corvil has added intelligence to track the routing of individual messages that make up the transaction, as well as the overall outcome of the transaction itself. Aggregate transaction performance such as fill rates, per client, per venue and per gateway or other components can also be tracked.
Corvil has transformed how users and customers can visualize latency and performance data from the platform using the new Latency Navigator. Trade support, market data, and network groups can now create on-demand tailored dashboards, or Latency Navigators, that represent the key metrics and performance targets of interest to them. These Latency Navigators can represent metrics as diverse as transaction latency, market data quality, and network microbursts. These dashboards update in real time and alert users to impending issues specific to their domain of interest. When problems occur, they can either instigate a troubleshooting session straight from the dashboard, or contact their support group to investigate.
Corvil also announced an enhanced Data Access Interface and Software Development Environment. Using the Data Access Interface, customers can now retrieve statistical information on a per-transaction basis for analysis, archiving, compliance reporting or other purposes. With the Software Development Environment customers can add bespoke real-time analysis logic and new performance metrics to the product independently of Corvil. These new metrics can then be viewed or retrieved in the same manner as native measurements.
The new release has been deployed in over twenty customer sites in the last two weeks, including seven global investment banks, four major exchanges, and five leading buy-side firms.
"There is great demand for a single platform that analyses network, market data and transactions, yet is flexible enough to show each user only what they need to see," said Donal O'Sullivan, VP of Product Management at Corvil. "We feel the rapid customer uptake of this latest version of CorvilNet reflects that demand."