Corvil, a trading systems and risk management vendor, has released a new monitoring solution aimed at the foreign exchange (FX) and equities markets in Asia, and it has done a deal with BT Radianz to add the tool to their Asian connectivity clients.
The Corvil solution comprises of a new 1U appliance and a decoder library for all the major trading and market data protocols used in FX trading in Asia. It includes Corvil's automatic time synchronisation protocol and is specifically tailored to meet the needs of the geographically dispersed Asian market. This Asian focused product update is available with the vendor’s Latency navigator real-time reporting functionality and can be combined with new releases such as Trade Lens; the firm’s business level visibility tool.
“This special solution has been driven by the unique requirements of our clients in Asia” claims Peter O’Connor, vice president of sales, Asia. “Corvil is adapting to the changing landscape, providing greater visibility into network performance on the LAN and WAN and across our customers’ critical trading systems for market data and order flow. With this new solution and other Corvil product offerings we can provide a cost-effective and comprehensive trade monitoring solution for organisations involved in FX trading in the Asian market.”
Corvil is collaborating with BT to deepen its presence and offer broader solutions to clients operating in key financial market hubs in Asia such as Sydney, Hong Kong, Singapore, Tokyo, Seoul and also across the rest of the world.
Jerry Hubbard, managing director, BT Radianz services, BT said: “Our clients are looking for new ways to remove operational risk from their trading systems. The addition of Corvil’s solutions to our BT Radianz services offers clients greater insight into latency and network performance analytics that can impact their trading quality. This is another example of how BT is continually enhancing our portfolio of services available to help our customers meet the challenges of the changing financial technology landscape.”
By Neil Ainger