LONDON and NEW YORK, March 28, 2011 /PRNewswire/ -- Corvil, a provider of latency management systems for high performance trading and market data, today announced that SIX Swiss Exchange, one of the world's leading and most technologically advanced securities exchanges, is using Corvil's Latency Management System for full latency monitoring of service provider performance, client order flow and analysis of market data quality.
The CorvilNet solution enables SIX Swiss Exchange to validate the latency performance of colocation providers and service provider links to its market participants. At the application level CorvilNet is being used to report on the execution speed of customer order flow, including trade-to-tick and order-to acknowledgement. Market data quality is also being monitored, including gap detection analysis. As part of the deployment Corvil delivered decoders for the exchange's proprietary Market Data Interface (MDI) feed, Standard Trading Interface (STI) feed and Capacity Trading Interface (CTI) feed.
"We are committed to providing our trading members with the highest levels of efficiency and transparency. The deployment of the CorvilNet solution into our environment has provided us with automated insight into the latency performance of our service providers and given us the tools to optimize our environment for low-latency performance," explained Chris Landis, Head of Operations SIX Swiss Exchange.
"We are very pleased that our CorvilNet solution was selected as the platform of choice by SIX Swiss Exchange. With CorvilNet SIX Swiss Exchange can leverage greater visibility into client order execution and market data latency while, in turn, the exchange is now better equipped to capacity plan and quickly address latency bottlenecks, through the real-time monitoring of latency performance levels across all elements of their trading infrastructure," said Corvil CEO, Donal Byrne.
Corvil is a provider of Unified Latency Management systems to the world's leading trading organizations including global banks, exchanges, electronic market makers and services providers to financial markets. The company was founded in 2000 and operates from New York, London 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
SIX Swiss Exchange
SIX Swiss Exchange is one of the world's leading and most technologically advanced securities exchanges. It provides customers with first-rate securities exchange services and brings together participants, issuers and investors in an efficient and transparent marketplace. In addition to the broad palette of products it offers, the SIX Swiss Exchange's integrated, fully automatic trading, clearing and settlement system is indeed convincing.
SIX Swiss Exchange is a subsidiary of SIX Group. On a worldwide scale, SIX Group offers first rate services in the areas of securities trading, clearing and settlement, as well as financial market information and payment transactions.