LONDON and NEW YORK, August 9, 2010 /PRNewswire/ -- Corvil, a provider of latency management systems for electronic trading and market data, today announced that Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions has selected CorvilNet, Corvil's precision latency monitoring system, to monitor the latency performance for its global market data and trading infrastructure.
Interactive Data will use the CorvilNet solution to proactively monitor the quality of market data received from global securities markets, and the performance and low-latency of client connectivity across the Interactive Data 7ticks network. Interactive Data 7ticks is a global provider of managed ultra-low latency services catering to the electronic trading community.
The CorvilNet solution will be used to monitor the quality of hundreds of market data feeds delivered from exchanges to Interactive Data's datacenters in the US, Asia-Pacific and Europe. CorvilNet will also monitor the performance of connectivity between datacenters and customer sites.
Interactive Data is dedicated to providing highly efficient, managed ultra-low latency data services to meet the needs of our electronic trading clients. The CorvilNet solution provides us with detailed performance statistics and allows us to determine the bandwidth needed to provide the highest quality and lowest latency possible for our clients, said Jeff Banker, executive vice president, Real-Time Market Data and Trading Solutions for Interactive Data.
Interactive Data selected CorvilNet for its advanced TCP analytics, microburst profiling of market feeds, market data gap detection, and the ability to measure one-way latency for multicast feeds simultaneously as critical capabilities of the solution.
The performance of market data feeds is critical to the success of high performance trading. Interactive Data serves some of the largest and most active participants in those markets. We are very pleased that our CorvilNet solution will be used to monitor the latency performance of their global trading infrastructure, said Corvil CEO, Donal Byrne.
About 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
About Interactive Data
Interactive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data's offerings can help clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data is headquartered in Bedford, Massachusetts and has more than 2,400 employees in offices worldwide.
For more information, please visit http://www.interactivedata.com.
SOURCE: Corvil
CONTACT: CONTACT: Collette Bird, Corvil, +353-1-859-1040, E-mail:collette.bird@corvil.com; Brian Willinsky, Interactive Data (U.S.), E-mail:brian.willinsky@interactivedata.com; Eoin Bedford, Interactive Data (Europeand Asia-Pacific), Email: eoin.bedford@interactivedata.com
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