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Last updated on April 24, 2014 at 11:03 EDT

Tradition Deploy Corvil’s Operational Performance Monitoring to Provide Transparency Across its Trading Platforms

September 10, 2013

LONDON and NEW YORK, September 10, 2013 /PRNewswire/ –

CorvilNet deployed to ensure fairness for all Participants on its Par FX and

Trad-X platforms

Corvil [http://www.corvil.com ], a provider of Operational Performance Monitoring
(OPM) for IT, today announced that Tradition [http://www.traditiongroup.com ], one of the
world’s largest interdealer brokers in over-the-counter financial and commodity related
products, has deployed CorvilNet for real-time trading visibility and operational
performance monitoring (OPM) of their Trad-X and ParFX platforms.

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

ParFx, Tradition’s new electronic trading platform, is designed to bring renewed
transparency and equality to global spot FX. The Corvil platform is used to provide
independent performance insights into its FX pricing and the full lifecycle of client
orders.

Yann L’Huillier, Group CIO of Tradition said: “There is a growing requirement to
deliver transparency and equality for all participants. Our trading platforms offer our
customers the very highest performance and efficiency of execution for all users. With
Corvil we have selected the industry leader in performance monitoring to ensure that we
continue to meet these demands.”

Corvil’s Trade Lens [http://www.corvil.com/Products/Lens-modules/Tradelens.aspx ]
provides Tradition with visibility of key metrics for their Trad-X and ParFX platforms
such as latency, fill-rate, order/cancel ratios etc. In addition, multi-hop analysis of
latency across their trading infrastructure enables Tradition to proactively manage any
threshold violations.

“Tradition is at the forefront of technological development to meet the demand in the
market to minimize disruptiveness and provide fairer trading environments. We are
delighted that they are using Corvil’s OPM Platform to ensure the continued success of
their ParFX platform and the highest standards of transparency for their clients,” said
Corvil CEO, Donal Byrne.

About Corvil

Corvil provides Operational Performance Monitoring (OPM) for IT. The Corvil platform
extracts real-time operational intelligence from wire data and uses this intelligence to
analyse the performance of IT applications and services, detect and alert on events in
real-time and export enriched data for business intelligence and risk management analysis.
Customers use Corvil to optimise and safeguard the operational performance of their
business processes and services. The Corvil platform uniquely handles the demands of
high-performance, low-latency and data intensive IT environments. The company was founded
in 2000 and operates from New York, London, Singapore, Tokyo and Dublin. For more
information on Corvil please visit http://www.corvil.com.

About Tradition

Tradition is one of the world’s largest interdealer brokers in over-the-counter
financial and commodity related products. Represented in 28 countries, Tradition employs
2,400 people globally. Tradition is the trading name of Compagnie Financiere Tradition
(CFT), which is listed on the Swiss stock exchange. Tradition’s activities are overseen by
global regulators including the FCA, SEC and CFTC. For more information, please visit
http://www.tradition.com. Tradition and ParFX are registered trade marks of Compagnie
Financiere Tradition S.A.

        For further information, please contact:
        Corvil
        Sheila Carroll
        sheila.carroll@corvil.com
        +353-1-859-1040

        MHP Communications
        Tradition@mhpc.com
        John Sarsfield/James Morgan/Fern Hammond
        +44(0)20-3128-8530/8533/8092


    Photo: 

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

SOURCE Corvil


Source: PR Newswire