Corvil has been recognized as a Laureate by the Computerworld Honors
Program. For over two decades, Computerworld Honors has acknowledged those individuals and organizations that have used information technology to benefit society.
"We are delighted to be recognized with this prestigious honor from Computerworld. We would like to thank Morgan Stanley for nominating Corvil and highlighting our innovation and its important application in next generation high-performance trading environments," said Donal Byrne, CEO Corvil.
Each year, members of the Chairmen's Committee, a group of 100 Chairman/CEOs of global technology companies, nominates individuals and organizations around the world whose visionary applications of information technology promotes positive social and economic progress.
Corvil has been selected for its innovative and pioneering work in Financial Markets. Corvil provides the leading Latency Management System for high-performance trading. In modern trading, over 70% of trades executed on US markets are carried out in an automated fashion using high-speed electronics and software algorithms. Latency has emerged as a key factor in determining the level of success of these particular automated trading strategies. Corvil's products have gained wide acceptance in the industry as a trusted source of accurate latency information and are being leveraged broadly to provide greater transparency and predictability of performance in today's Financial Markets.
The Computerworld Honors Program unites Chairmen and CEOs of the world's foremost information technology companies to recognize the most outstanding user achievements in technology each year. The technology achievements honored by this program are preserved and protected in national archives, and in over 350 universities, museums, and research institutions throughout the world.
"Each Laureate selected for this honor understands the importance of using one's resources and technical prowess to benefit one's fellow man," said Bob Carrigan, Chairman of the Computerworld Honors Program Chairmen's Committee and CEO of IDG Communications Worldwide.