TOKYO, February 25, 2014 /PRNewswire/ --
Corvil, a provider of Operational Performance Monitoring to the world's leading financial institutions and enterprises, has announced that the Tokyo Stock Exchange ("TSE") will begin offering CorvilClear latency performance management as-a-service to users of its arrownet network. Through the new service, trading parties on arrownet will have deeper insight into the quality of trade and market data communications between the TSE and their own systems.
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CorvilClear is a solution that delivers visibility into the latency and order-to-execution processing performance of electronic trades and market data across interconnected parties in the trading network. With CorvilClear at its core, the new latency performance management service will be offered by the TSE through a menu within arrownet. The service will enhance the efficiency of network operations and increase the transparency of the TSE trading marketplace for users.
Since 2012, the TSE has been utilizing Corvil for latency performance management of its arrowhead and Tdex+ trading systems as well as arrownet, which connects these systems to market participants. Through Corvil, the exchange has benefited from enhanced performance management of its order processing and market data distribution.
"Supplying a latency measurement and performance management service that uses industry leader CorvilClear allows us to add value to our network infrastructure and thereby to enhance market user-friendliness, as well as responding to the latency management needs of our market participants. We will continue to strive to build a highly reliable and efficient market infrastructure in order to achieve our aim of becoming the most preferred exchange in Asia," said Yoshinori Suzuki, Managing Director and Chief Information Officer of the TSE.
"We are extremely honoured to be able to supply CorvilClear to the Tokyo Stock Exchange. We will redouble our efforts to expand the Tokyo Stock Exchange's continuous IT infrastructure and to enhance its presence in Asia," added Donal Byrne, CEO of Corvil Ltd.
About Corvil
Corvil is a provider of real-time operational performance monitoring. The Corvil platform transforms streaming data into operational visibility, insight and intelligence The product provides a lens through which IT staff get the full picture of all activity, events and analysis relating to the delivery of performance critical business services and applications. Corvil's real-time platform is used to monitor and analyze billions of transactions per day in the world's leading financial institutions and is trusted to provide real-time operational visibility and intelligence that drives action where hundreds of millions of dollars are at stake every second. The Corvil solution is proven to handle the demands of high-performance, low-latency and data intensive IT environments.
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