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Last updated on April 16, 2014 at 13:10 EDT

Corvil Launches Trading Technology Risk Management Solution

September 10, 2012

NEW YORK, LONDON, TOKYO, SINGAPORE, September 10, 2012 /PRNewswire/ –

Clients leverage CorvilNet Solution to strengthen Risk Management Function

Corvil, a provider of monitoring and risk mitigation solutions for electronic trading
firms today announced a new solution to help firms manage technology risk in their trading
infrastructure. The CorvilNet Solution strengthens this kind of operational risk
management by providing additional, independent barriers and check-points against
technology-related hazards.

(Logo:
http://photos.prnewswire.com/prnh/20120605/537402 )

Trading technology involves highly automated decision making, complex
inter-connectedness and very high data rates. CorvilNet has traditionally been deployed to
help companies manage performance and improve reliability in the trading infrastructure.
Now, trading firms and exchanges have started looking at leveraging Corvil technology as
an independent and parallel monitoring system to validate that trading behavior is within
expected tolerances. Where trading behavior becomes anomalous or unexpected, limits
breached, or any of a wide variety of metrics triggered, emergency processes can be
alerted. This will happen without relying on the self-reporting of problems from the same
erroneously-behaving decision-making components.

The Corvil solution for Technology Risk Management can augment existing measures
already in place in trading organizations with no loss of speed; providing a more complete
system overview and potential to reconcile behavior across complex inter-connected
systems. The more layers of protection an organization implements, the lower the risk of
errors or mistakes leading to material or reputation losses. Crucially it is well
recognized that the greater level of independence between the various layers of
protection, the greater total protection provided.

“Trade technology and operational risk must be managed to avoid financial and
reputational damage,” said Corvil CEO, Donal Byrne. “Our customers need a complete
overview and must understand what is happening throughout their trading infrastructure.
Corvil now offer comprehensive trade monitoring, business level visibility tools and a
consulting service to work hand-in-hand with each customer. This delivers the complete and
comprehensive overview required in today’s trading environment.”

For more information, please see the Corvil White Paper “Strengthening Barriers
against Trading Technology Risk”. This White Paper is available from http://www.corvil.com

Corvil

Corvil is a provider of Latency Management systems for global financial markets. The
company was founded in 2000 and operates from New York, London, Singapore, Tokyo 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

PRESS CONTACT

        Sheila Carroll
        e-mail: sheila.carroll@corvil.com
        T: +353-1-859-1040


    Photo: 

http://photos.prnewswire.com/prnh/20120605/537402

SOURCE Corvil


Source: PR Newswire