Corvil’s Latency Management Platform Deployed as a Managed Service for Tier One Canadian Bank

LONDON and NEW YORK, September 19, 2011 /PRNewswire/ –

Corvil, a provider of latency management systems for high performance
trading and market data, today announced that Recce Inc., a Toronto based
technology-consulting firm, has deployed Corvil’s latency management system
as a managed service for a tier one Canadian bank. CorvilNet is used to
monitor the performance of the bank’s entire trading infrastructure
incorporating network latency, market data quality and order response
latency.

The solution has already been deployed in the main Canadian trading
colocation centers and in the bank’s data centers to monitor in real-time
order transaction flows, market data feeds, and network speed and
performance.

Scott Martin, CEO of Recce, said, “Dealing with the challenges of
managing increasingly complex trading infrastructures alongside other
business initiatives is not getting any simpler or less time consuming. By
implementing and managing the CorvilNet solution our client’s technology
group can remain focused on supporting the business.”

In choosing Corvil for their client Recce highlighted visibility into
the network and message layers, scalability, and real-time monitoring for
order response latency and market data feed quality.

Donal Byrne, Corvil CEO, said, “We are delighted that Recce is providing
our CorvilNet solution as a managed service, ensuring that their client can
realize the full potential of the solution, and quickly optimize the
performance of their trading infrastructure.”

Corvil

Corvil is a provider of Unified Latency Management systems to the
world’s leading trading organizations including global banks, exchanges,
electronic market makers and service 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 http://www.corvil.com

SOURCE Corvil