Last updated on April 18, 2014 at 1:21 EDT

Corvil and NASDAQ OMX to Provide Latency Transparency for NASDAQ OMX Family of Trading Platforms

October 17, 2011

LONDON and NEW YORK, October 17, 2011 /PRNewswire/ –

Provides Full Latency Measurement and Performance Insight for NASDAQ OMX
Trading Platforms to Participants and Marketplaces Globally

Corvil, a provider of latency management systems for high performance
trading and market data, today announced an agreement with NASDAQ OMX to
provide full latency measurement and transaction performance visibility for
their market technology suite of trading platforms in its CorvilNet Latency
Management System.

For the first time venues and participants can leverage independent
real-time reporting and detailed trade performance and analysis metrics.
Under the agreement Corvil will provide full latency measurement and
performance visibility across NASDAQ OMX’s Genium INET, CLICK XT, and SECUR
trading platforms.

Ann Neidenbach, Senior Vice President, Global Technology Products and
Services at NASDAQ OMX said, “Our trading platforms offer our customers the
very highest speed, performance and scale. In teaming with Corvil we have
selected a trusted partner to provide our market technology customers with
full transparency into the latency and performance of our platforms both
within the exchange and between the exchange and its participants.”

“The Corvil-NASDAQ OMX collaboration has enabled Singapore Exchange to
achieve world leading ultra low latency performance for our new generation
trading platform Reach, which is powered by the NASDAQ OMX Genium INET
technology and monitored by CorvilNet. In addition, our market participants
can now benefit from full visibility of their order flow latency to our
marketplace by using the new CorvilNet OMnet module,” commented Bob Caisley,
Chief Information Officer at SGX.

The CorvilNet OMnet module is available on all Corvil products. It
provides full visibility into transactions, including the routing of
individual messages as well as the outcome of the transaction itself.
Participants can also compare the relative latency of different transaction
types, e.g. fill-or-kill, order vs bid and order cancels; as well as
measuring latency contributions from their own equipment, such as trading
gateways, smart order routers and firewalls. Flexible latency analysis
includes one-way latency, request-response latency and transformation
latency across applications.

“Latency measurement and visibility for order execution is very
important to us and our clients. Having this capability on our Corvil
systems gives us critical insight into the performance and trade lifecycle
of our order flow as we look to optimize execution quality in all Asian
marketplaces,” said Greg Lee, Director, Head of Autobahn Equity Asia.

Donal Byrne, Corvil CEO said, “In today’s complex trading environments
information about performance and speed are critical to optimizing and
de-risking trading strategies. Therefore, exchanges need to be in a position
to provide full latency transparency into the performance of their
marketplace to their participants. We are delighted to team with NASDAQ OMX
to bring deep insight and precision visibility to marketplaces and
participants alike.”

The CorvilNet OMnet Module is available from Corvil in Q4 2011. Please
contact your Corvil sales representative for further details.


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, Singapore
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: PR Newswire