Corvil, a leading provider of electronic trading and market data latency management systems, today announced that Alpha Trading Systems, the leading Alternative Trading System for Canadian Listed Securities, has selected CorvilNet to pro-actively manage and assure low latency across its exchange infrastructure.
In choosing Corvil, Alpha highlighted CorvilNet's microburst detection feature that will be used to identify and manage transient traffic spikes in their infrastructure. CorvilNet's powerful latency analytics, programmable to microsecond levels of granularity, will provide Alpha with unprecedented visibility of performance affecting short-term events.
"We chose Corvil because the growth of our market and the evolution of trading activity in Canada, for example increased high frequency trading, demands greater visibility and transparency into the operations of our market place" says Karl Ottywill, Alpha's CIO. "As Alpha continues to grow its Financial Eco-System and related value add services, requirements to continually monitor the network backbone will grow with it. Corvil is the right fit for our needs," added Mr. Ottywill.
The highly transient nature of microbursts means that they are difficult detect without a highly granular level of monitoring. CorvilNet identifies short-term anomalies and recommends adjustments and optimizations to ensure network infrastructure and applications are running at peak performance.
"Microsecond monitoring of traffic is a critical capability to assure the low-latency performance of market center trading infrastructure. Failure to detect and deal with traffic microbursts can lead to latency brown-outs during the busiest periods of the trading day. We are delighted Alpha has selected CorvilNet to assure the low-latency performance of their network," said Corvil CEO, Donal Byrne.
CorvilNet provides always-on monitoring, troubleshooting and optimization analysis for electronic trading and market data latency management. CorvilNet's key capabilities include latency compliance management, monitoring, reporting and infrastructure optimization for low-latency.