Singapore Exchange (SGX) Selects Corvil for Latency Management of Ultra High Speed Trading Platform and Co-Location Services

LONDON and NEW YORK, March 21, 2011 /PRNewswire/ — Corvil, a provider of
latency management systems for high performance trading and market data,
today announced that Singapore Exchange (SGX) has selected Corvil’s Latency
Management System to monitor and assure the latency performance of their new
generation trading system, Reach. The Corvil solution will also be deployed
within SGX’s colocation infrastructure to manage latency between SGX members
and the Reach trading platform.

In choosing the CorvilNet solution SGX highlighted Corvil’s unified
latency management as being particularly important. CorvilNet is capable of
monitoring in real-time the latency for all order entry transactions, market
data feeds, and the network simultaneously in one platform. This enables
immediate visibility and root-cause analysis of latency issues and removes
ambiguity where it is challenging to pinpoint if the problem is at the
application layer or the network layer.

“We are making a significant investment in world class technologies to
develop SGX Reach. Our goal is to achieve both ultra-low latency and very
high throughput. By deploying the CorvilNet solution it enables us to assure
and demonstrate achievement of these objectives to our market participants.
We are delighted to add Corvil to our list of trading technology partners for
SGX,” commented Bob Caisley, Chief Information Officer at SGX.

CorvilNet will be used for both internal latency monitoring of the Reach
trading platform and network, including the new SGX co-location facility. The
full end to end trading path from order entry through to trade update in the
market data feed will be monitored continuously with microsecond precision.

“SGX is building one of the world’s most advanced trading platforms in
terms of speed, capacity and scalability. We are delighted that Corvil will
be used to assure that these objectives are met and help strengthen its
position as one of the premier venues in the world for the modern electronic
investor,” said Corvil CEO, Donal Byrne.

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 services 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

Singapore Exchange (SGX)

Company Registration No. 199904940D

Singapore Exchange (SGX) is among the world’s largest exchanges and
Asia’s second largest listed exchange. As the Asian gateway, SGX is the
market of choice for investors wanting to participate in Asia’s vibrant and
rapidly-growing economies, and for Asian issuers seeking international
capital.

SGX’s extensive suite of securities, derivatives and commodities products
makes it Asia’s most international exchange. SGX’s services range from
listings, trading, high-speed market access, clearing and settlement to
depository services and Central Counter Party services for OTC traded
derivatives. With the region’s longest trading hours, and powered by cutting
edge technology, SGX is the unparalleled conduit for investment flows into
and out of Asia.

For more information, please visit http://www.sgx.com

SOURCE Corvil