Corvil Delivers First Ever Unified Application and Network Latency Management System

London and New York - 24 May 2010

New CorvilNet Release Offers Transaction, Message and Packet Latency Management In One Enterprise Scale Platform

Corvil, provider of latency management systems for financial markets, today added application monitoring, troubleshooting and reporting to its market-leading CorvilNet latency management system. By unifying application and network latency management together with high capacity packet capture, CorvilNet offers customers for the first time a single platform solution for all their latency management and data capture requirements. Competing solutions require multiple products to be deployed adding more cost and do not provide reliable analysis of latency problems happening at the application and network layers.

The new application capabilities allow customers to monitor, troubleshoot and report on latency compliance for market data and order execution at the level of individual messages and transactions. Support is included for application processing and transforming infrastructure components such as feed handlers, Smart Order Routers (SORs), FIX gateways and matching engines. In addition, latency measurement of correlated events at the application layer is now possible. This includes analysis of the time between sending an order and receiving the associated acknowledgement, and the time for this to be reflected in the market data.

This application latency management is unified with Corvil’s award-winning network latency management. For the first time application and message latency performance can be directly related to the health and performance of the underlying network and server infrastructure. Trading outages can be quickly traced to their root cause whether at the network or application layer. Specific resolutions can be identified quickly, and network and application teams within the organisation can talk the same language when analysing trading performance.

“Our customers want a single solution for both network and application latency monitoring,” said Corvil Vice President of Product Management, Donal O'Sullivan. “A single solution reduces capital and operating cost, while being able to identify and resolve latency problems that multiple separate application, network and data capture solutions cannot.”

The application latency module is provided as a software upgrade module available on all CorvilNet appliances. It will support decoders for a range of the most popular trading and market data formats for EU, NA and Asia, including the FIX protocol standard. The application latency module is available today.

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