Electronic TradingManaging Market Data Performance

Assuring High Fidelity Instrument Price For Optimal Trade Decisions

Understand complex trading behavior as it happens

Stale or incomplete market data has a direct impact upon trading success, resulting in lower fill and hit rates and increased exposure to the business.

Corvil continuously monitors your direct and consolidated feeds in real-time, tracking performance across ticker plants, middleware and messaging layers. Engineered to handle peak message rates across all markets, Corvil allows you to right-size your infrastructure to handle the most demanding and dynamic market conditions and assure high quality price discovery.

 

Outcomes

  • Real-time gap detection of all received market data feeds
  • Measure the arrival latency of Market Data Delivery
  • Understand the impact of microbursts on market data quality
  • Measure the relative latency of A vs B feeds or Proximity vs CoLo
  • Measure the latency across Feed Handlers
  • Quickly Troubleshoot Middleware and Messaging Bus issues
  • Correctly size infrastructure & pinpoint Service Provider Issues
  • Reduce mean-time to repair (MTTR) infrastructure problems

What’s the latency between my sites?

Corvil’s patented technologies measure the per-packet latency between sites. It also relates latency performance to microburst activity, identifying if issues are due to the service provider or traffic congestion.

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Is my B-feed arriving before the A-feed?

Measure the relative latency in arrival time between market data feeds. Either between resilient feeds to the same location, or between locations, such as Proximity and Co-location.

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Is Your Service Provider Delivering The Bandwidth You’re Paying For?

It’s difficult to know if you’re really getting the bandwidth you’re paying for. Corvil’s Microburst Analysis provides the answer.

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What happens after I send my orders to the venue?

It’s important to understand venue performance, to help resolve client enquiries fast but also to ensure the infrastructure is scaled appropriately.

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How to accurately record data with traceability to UTC

MiFID II demands order records be stored for a minimum of 5 years, and RTS-25 stipulates accurate time-stamps are recorded with traceability to UTC. How do you do that?

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Which clients use the most infrastructure resource?

Are the clients with the highest message rates also the ones who generate the highest revenue? Corvil provides the numbers.

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Corvil is the only tool that exists to track orders, alert on Market Data gaps, alert on WAN link microbursts, diagnose who’s consuming our WAN links and… generate weekly reports on all the above. In short, Corvil makes me look like a god. (I would recommend it more, but I’m afraid everyone would then know my secrets).

Trade Performance Analytics

Highly Granular

Recorded with UTC synchronized, nanosecond time-stamps, Corvil provides a highly granular and actionable audit trail of all activity, accurately time sequenced to understand cause and effect.

Customizable Dashboards

See infrastructure latency in true real-time with flexible and intuitive dashboards. Explore and interact with the data. Quickly drill into events to investigate root cause, or select longer time periods to spot trends, performance patterns & anomalies.

Complex Latency Correlations

Corvil’s correlation engine reports the per-message latency across each infrastructure hop. It takes care of multiple protocols and messaging changes that occur across devices such as Gateways and SORs.

Infrastructure Scaling

Using Microburst rather than average measurements, Corvil provides a detailed understanding of transient and dynamic loads, enabling infrastructure components to be correctly scaled to meet performance requirements.

Multi-hop Transaction Tracking

Corvil’s multi-hop analysis tracks transactions across network and application hops, to execution venues and back again. It provides an intuitive and graphical representation of the latency over the entire journey.

Real-time Alerting

Analysing transactions in real-time reveals performance anomalies as they happen. When latency spikes occur, Corvil immediately notifies operations teams and provides the crucial data to understand and resolve the event.