Corvil rollsout CorvilNet 5.1 and announces new client Neonet
First Published Monday, 1 June 2009 from Automated Trader : Data News
Neonet to deploy CorvilNet 5.1
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.
- Neonet wins World Finance Best Service Provider Award
Simon Nathanson, President and CEO, Neonet: “This award is a recognition of Neonet’s dedication to serve our clients by providing leading solutions and services that facilitates global trading."
The award, which pinpoints organizations that represent the benchmark of achievement and best practice in the business world, is determined by a panel of judges gathered by the financial publication World Finance....continued - Automated Trader Updates
This week in the US….Pipeline Trading Systems integrated its Blind Bid Options Cross (BBOX) into the Pipeline order control system, AlgoTrade launched AlgoCore and was named a connected partner of Trading Technologies, MF Global restructured its equity business and expanded its institutional product offering, and Bats received SEC approval for its US options exchange. And in Europe….SunGard launched a UK based electronic agency broker-dealer for European markets, BATS announced the introduction of its European Smart Order Router and CQG added market data for NASDAQ OMX Nordic derivatives Whilst in Asia….Tora and ConvergEx are to provide integration between TORA Compass, and ConvergEx’s Eze OMS, Fidessa announced its new high speed interface to the Korean Exchange, and in Japan Credit Suisse offered Direct Market Access speeds of under one millisecond via AES Velocity....continued
- Orc and Neonet announce merger
Thomas Bill, CEO, Orc. "By joining forces, the merger will enable us to develop better technology, faster and at a lower cost." The boards of Orc Software AB (“Orc”) and Neonet AB (“Neonet”) are to to propose a merger to their shareholders....continued
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