Electronic TradingProvisioning Bandwidth for Market Data

Scaling Infrastructure for Optimal Price Discovery

Understand complex trading behavior as it happens

IPOs, global news events and general market volatility all drive spikes in Market Data. Derivatives feeds are notoriously bursty with underlying price movement triggering updates across many related instruments.

If the infrastructure isn’t scaled correctly, surges in market activity can cause data to be queued, delayed or even lost, leading to stale or incomplete price.

Corvil’s patented microburst and bandwidth prediction technologies allow infrastructures to be appropriately and economically scaled to assure the delivery of high quality market price.

 

Outcomes

  • Detect transient microbursts and understand their impact on market data quality
  • Measure the latency of bursty feeds across the network infrastructure
  • Identify bandwidth bottlenecks and correctly size the infrastructure to meet peak demands
  • Ensure Service Providers deliver the bandwidth you’ve paid for.
  • Reduce the mean-time to resolve infrastructure problems

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’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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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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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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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 has helped us get a handle on the ever increasing bandwidth requirements of exchange feeds and identify microburst issues from exchanges.

Engineer, Large Enterprise Telecommunications Services Company

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.