LONDON and NEW YORK, March 21, 2011 /PRNewswire/ -- Corvil, a provider of latency management systems for high performance trading and market data, today announced that Singapore Exchange (SGX) has selected Corvil's Latency Management System to monitor and assure the latency performance of their new generation trading system, Reach. The Corvil solution will also be deployed within SGX's colocation infrastructure to manage latency between SGX members and the Reach trading platform.
In choosing the CorvilNet solution SGX highlighted Corvil's unified latency management as being particularly important. CorvilNet is capable of monitoring in real-time the latency for all order entry transactions, market data feeds, and the network simultaneously in one platform. This enables immediate visibility and root-cause analysis of latency issues and removes ambiguity where it is challenging to pinpoint if the problem is at the application layer or the network layer.
"We are making a significant investment in world class technologies to develop SGX Reach. Our goal is to achieve both ultra-low latency and very high throughput. By deploying the CorvilNet solution it enables us to assure and demonstrate achievement of these objectives to our market participants. We are delighted to add Corvil to our list of trading technology partners for SGX," commented Bob Caisley, Chief Information Officer at SGX.
CorvilNet will be used for both internal latency monitoring of the Reach trading platform and network, including the new SGX co-location facility. The full end to end trading path from order entry through to trade update in the market data feed will be monitored continuously with microsecond precision.
"SGX is building one of the world's most advanced trading platforms in terms of speed, capacity and scalability. We are delighted that Corvil will be used to assure that these objectives are met and help strengthen its position as one of the premier venues in the world for the modern electronic investor," said Corvil CEO, Donal Byrne.
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
Singapore Exchange (SGX)
Company Registration No. 199904940D
Singapore Exchange (SGX) is among the world's largest exchanges and Asia's second largest listed exchange. As the Asian gateway, SGX is the market of choice for investors wanting to participate in Asia's vibrant and rapidly-growing economies, and for Asian issuers seeking international capital.
SGX's extensive suite of securities, derivatives and commodities products makes it Asia's most international exchange. SGX's services range from listings, trading, high-speed market access, clearing and settlement to depository services and Central Counter Party services for OTC traded derivatives. With the region's longest trading hours, and powered by cutting edge technology, SGX is the unparalleled conduit for investment flows into and out of Asia.
For more information, please visit http://www.sgx.com