LONDON and NEW YORK, September 19, 2011 /PRNewswire/ --
- Recce to Provide the Managed Service to Validate the Performance of the Bank's Trading Infrastructure
Corvil, a provider of latency management systems for high performance trading and market data, today announced that Recce Inc., a Toronto based technology-consulting firm, has deployed Corvil's latency management system as a managed service for a tier one Canadian bank. CorvilNet is used to monitor the performance of the bank's entire trading infrastructure incorporating network latency, market data quality and order response latency.
The solution has already been deployed in the main Canadian trading colocation centers and in the bank's data centers to monitor in real-time order transaction flows, market data feeds, and network speed and performance.
Scott Martin, CEO of Recce, said, "Dealing with the challenges of managing increasingly complex trading infrastructures alongside other business initiatives is not getting any simpler or less time consuming. By implementing and managing the CorvilNet solution our client's technology group can remain focused on supporting the business."
In choosing Corvil for their client Recce highlighted visibility into the network and message layers, scalability, and real-time monitoring for order response latency and market data feed quality.
Donal Byrne, Corvil, CEO said, "We are delighted that Recce is providing our CorvilNet solution as a managed service, ensuring that their client can realize the full potential of the solution, and quickly optimize the performance of their trading infrastructure."
Corvil is a provider of Unified Latency Management systems to the world's leading trading organizations including global banks, exchanges, electronic market makers and service 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