Donal Byrne, Corvil
Dublin - Wolverine Execution Services (WEX), a provider of technology and execution services, has selected Corvil to provide a real-time picture of operations performance across its network of trading venues.
WEX's trading platform enables multiple asset classes to be executed in parallel on disparate execution venues. The growing number of venues for each asset class, has created more complexity and uncertainty in order fulfillment. Corvil's technology will help WEX mitigate these increased pressures on best execution by providing greater transparency into how client orders are flowing across their entire trading environment.
With Corvil, WEX can obtain a comprehensive picture of business and infrastructure performance in real-time, which can help to identify and resolve operational issues as they arise. Corvil also offers the ability to continuously monitor and analyze trading activity and system efficiency, and alert against unusual activity and/or traffic volumes that may affect execution outcome.
"We believe that companies with the best understanding of the relationship between speed variability and price certainty across multiple venues will have a significant competitive advantage in managing order performance," said Donal Byrne, CEO of Corvil.