Corvil rollsout CorvilNet 5.1 and announces new client Neonet

Donal Byrne, CEO, Corvil: "CorvilNet 5.1 raises the bar for latency management systems with the integration of a host of new powerful features and performance improvements and the Neonet win underscores this value proposition."

Corvil, the provider of electronic trading and market data latency management systems, has announced the rollout of CorvilNet 5.1 and deployment of the latest version of its core software platform by the company's newest client, agency broker Neonet. CorvilNet monitors, analyzes and optimizes electronic trading and market data applications against ultra-low latency objectives within a firm's infrastructure and externally through CorvilClear, a policy-based, peer-to-peer sharing of latency and loss performance data between remote sites and interconnected parties.

"Latency management is a category breakthrough, and CorvilNet was a first in pioneering this emerging segment that extends beyond ad hoc latency measurements to include both microsecond application service level monitoring together with real time infrastructure analytics for streamlined, low-latency trading," said Corvil CEO, Donal Byrne. "CorvilNet 5.1 raises the bar for latency management systems with the integration of a host of new powerful features and performance improvements and the Neonet win underscores this value proposition."

"Maintaining a low-latency trading infrastructure is essential for driving our electronic execution business," said Neonet CEO and President, Simon Nathanson. "The velocity of Neonet's direct market access, algorithmic, smart order routing and real time market data services must continuously operate at peak, ultra low-latency performance levels, and will now have a strong catalyst in CorvilNet 5.1. Our focus is to provide clients with an even more efficient service." Neonet pointed to CorvilNet 5.1's roundtrip measurements and diagnostics tools for optimizing message bus latencies of the firm's agency algorithms as standout features. Neonet plans to deploy CorvilNet 5.1 in multiple locations including Stockholm, London, New Jersey and Frankfurt.