Corvil Teams With International Securities Exchange (ISE) to Deliver Real-Time Latency Monitoring and Transparency for New Options Trading System
– CorvilNet and CorvilClear Solutions to be Deployed to Benchmark Latency
of Optimise(TM) Trading Architecture and Measure Low-Latency Member Access
Corvil, a provider of latency management systems for high performance
trading and market data, today announced that the International Securities
Exchange (ISE) is deploying Corvil’s latency management solutions for full
monitoring and reporting of latency throughout its new options trading system
running on Deutsche Borse Group’s Optimise(TM) architecture. Corvil will be
used to benchmark and manage internal system latencies as well as monitor and
measure latency between ISE members and the new trading system.
CorvilNet will meet ISE’s need for a latency management solution that can
handle both the network and application layers in a single platform. It was
critical for ISE to find a system that could measure and report latency in
real-time for all order transaction flows and market data feeds while also
managing all aspects of network speed and performance simultaneously.
CorvilNet’s unified approach enables immediate identification of the source
and root-cause of latency whether it is in the application layer or the
network layer. The scale and performance requirements for ISE’s options
trading system present a new level of challenge for latency monitoring
systems with transaction and message processing volumes reaching multiple
millions per second. The CorvilNet platform is uniquely capable of handling
these volume levels while offering nanosecond precision visibility to latency
on every packet, message and transaction.
“With the launch of Optimise, ISE’s new, best-in-class trading system is
positioned at the forefront of the highly competitive U.S. options industry.
Demonstrating the true latency performance of our system and assuring the
lowest latency access for our members is critical. In teaming with Corvil, we
have selected a trusted brand and product that will enable ISE to offer our
members the highest levels of latency transparency and performance
predictability available on an options market,” said ISE’s Chief Information
ISE’s members will now be able to take advantage of CorvilClear, a
real-time interparty latency management solution between the exchange and its
members. The CorvilClear latency peering engine allows members to establish
latency channels for continuous real-time measurement of order flow, market
data feeds and network connectivity latency between the member site and ISE.
CorvilClear facilitates rapid troubleshooting of latency issues between both
parties due to the increased levels of latency transparency and use of a
common tool suite.
“Optimise is a highly innovative trading architecture that pushes the
boundaries of speed and performance. With these new systems, market
participants need to see continuous and precise measurements of actual
experienced speed and performance throughout the trading day such that
assumptions within their trading strategies can be de-risked and optimized.
We are delighted that ISE has selected our CorvilNet and CorvilClear
solutions to assure and provide this capability,” said Corvil CEO,
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
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