Interactive Data Selects Corvil for Latency Monitoring of its Global Market Data and Trading Services InfrastructureBy Corvil, PRNE
Sunday, August 8, 2010
LONDON and NEW YORK, August 9, 2010 - Corvil, a provider of latency management systems for electronic trading
and market data, today announced that Interactive Data Corporation, a leading
provider of financial market data, analytics and related solutions has
selected CorvilNet, Corvil's precision latency monitoring system, to monitor
the latency performance for its global market data and trading
Interactive Data will use the CorvilNet solution to proactively monitor
the quality of market data received from global securities markets, and the
performance and low-latency of client connectivity across the Interactive
Data 7ticks network. Interactive Data 7ticks is a global provider of managed
ultra-low latency services catering to the electronic trading community.
The CorvilNet solution will be used to monitor the quality of hundreds of
market data feeds delivered from exchanges to Interactive Data's datacenters
in the US, Asia-Pacific and Europe. CorvilNet will also monitor the
performance of connectivity between datacenters and customer sites.
"Interactive Data is dedicated to providing highly efficient, managed
ultra-low latency data services to meet the needs of our electronic trading
clients. The CorvilNet solution provides us with detailed performance
statistics and allows us to determine the bandwidth needed to provide the
highest quality and lowest latency possible for our clients," said Jeff
Banker, executive vice president, Real-Time Market Data and Trading Solutions
for Interactive Data.
Interactive Data selected CorvilNet for its advanced TCP analytics,
microburst profiling of market feeds, market data gap detection, and the
ability to measure one-way latency for multicast feeds simultaneously as
critical capabilities of the solution.
"The performance of market data feeds is critical to the success of high
performance trading. Interactive Data serves some of the largest and most
active participants in those markets. We are very pleased that our CorvilNet
solution will be used to monitor the latency performance of their global
trading infrastructure," said Corvil CEO, Donal Byrne.
Corvil is a provider of Unified Latency Management systems to the world's
leading trading organizations, including global banks, exchanges, electronic
market makers and services 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
About Interactive Data
Interactive Data Corporation is a trusted leader in financial
information. Thousands of financial institutions and active traders, as well
as hundreds of software and service providers, subscribe to our fixed income
evaluations, reference data, real-time market data, trading infrastructure
services, fixed income analytics, desktop solutions and web-based solutions.
Interactive Data's offerings can help clients around the world with
mission-critical functions, including portfolio valuation, regulatory
compliance, risk management, electronic trading and wealth management.
Interactive Data is headquartered in Bedford, Massachusetts and has more than
2,400 employees in offices worldwide.
For more information, please visit www.interactivedata.com.
CONTACT: Collette Bird, Corvil, +353-1-859-1040, E-mail: collette.bird at corvil.com; Brian Willinsky, Interactive Data (U.S.), E-mail: brian.willinsky at interactivedata.com; Eoin Bedford, Interactive Data (Europe and Asia-Pacific), Email: eoin.bedford at interactivedata.com
Tags: August 9, Corvil, London and new york, New York, United Kingdom