Morgan Stanley Selects Corvil for Inter-Party Latency Management of Their Next Generation Electronic Trading Infrastructure

October 12, 2009

LONDON and NEW YORK, October 12 /PRNewswire/ — Corvil, innovator of
electronic trading and market data latency management systems, today
announced that Morgan Stanley has selected Corvil’s Latency Management System
for inter-party latency monitoring and optimization of their Next Generation
Trading Infrastructure. Corvil, with operations in New York, London and
Dublin, serves a global client base of exchanges; alternative trading venues;
investment banks, market makers and market service providers.

Morgan Stanley will use CorvilNet to monitor, analyze and optimize their
market data plants in New York and London, and CorvilClear for inter-party
latency monitoring to their execution venues. In particular CorvilClear will
allow Morgan Stanley to quickly see where and why latency in the trading loop
is occurring, and how to minimize it.

Morgan Stanley evaluated several latency management solutions for their
next generation trading infrastructure and in choosing Corvil highlighted the
unique capabilities of CorvilClear, the Inter-Party Latency management
solution for traders, exchanges, and service providers. In using CorvilClear,
Morgan Stanley was able to measure in real-time the true end-to-end latency
and loss for market data and order execution traffic from their data center
all the way through to the execution venue matching engine. Complete latency
transparency between all parties was achieved and latency service level
violations were quickly identified and fixed.

“Precise monitoring of latency both within our trading plant and to the
exchanges is critical to optimal performance of our trading strategies. With
CorvilClear, we intend to collaborate closely with all of our exchange and
MTF partners to provide real-time latency transparency to our trading
businesses and clients. Together with Corvil’s powerful low-latency
infrastructure analytics, we are confident that our new trading plant can
meet the stringent performance levels demanded by our electronic trading
businesses,” said Kevin Twitchen, Executive Director Morgan Stanley.

“Latency compliance management and latency transparency within electronic
trading infrastructure have become hot topics within high frequency trading.
Unfortunately, demonstrating compliance to latency service level agreements
and/or regulations is often made more difficult by not having the right
technologies and tools in place. With Morgan Stanley, we were delighted to
have the opportunity to collaborate with their team to explore the set of
technologies and tools needed by them to address these challenges. We are
very pleased that our CorvilNet and CorvilClear solutions were selected as
the platforms of choice for intra and inter-party latency management of their
next generation low-latency trading infrastructure.” said Corvil CEO, Donal

CorvilClear is the first inter-party latency management solution for
electronic trading and market data applications providing policy driven
peer-to-peer exchange and monitoring of microsecond latency and loss
performance, real-time latency compliance reporting and automated event
capture with common root-cause analysis tools for collaborative

About Corvil

Corvil, leader in electronic trading and market data latency management,
was founded in 2000 and operates from New York, London and Dublin. The
company’s global client base spans exchanges; alternative trading venues;
investment banks, market makers and market service providers. Recognized as a
technology innovator in latency management, Corvil’s products offer a
complete solution for enhancing electronic trading, execution and market data
including SLA (service level agreement) compliance, performance monitoring,
event troubleshooting and infrastructure optimization. For more information
on Corvil, please visit http://www.corvil.com.


Source: newswire

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