Corvil Wins “Best Time-Stamping / Latency Measurement System” at Intelligent Trading Technology 2018 Awards
NEW YORK, June 14, 2018 (GLOBE NEWSWIRE) -- For a second consecutive year Corvil has been recognized for its best-in-class technology, achieving “Best Time-Stamping / Latency Measurement System” plus a “Highly Commended” in the “Best Infrastructure Monitoring Platform” category in this year’s Intelligent Trading Technology Awards.
As the “gold standard” analytics platform for deriving operational and business intelligence from network data, digital businesses rely on Corvil to optimize customer experience, improve performance and continuity and to manage operational, regulatory, and cyber risk. Today, Corvil assures 90 percent of the world’s algorithmic trades and counts most major global banks, trading firms, and exchanges as customers.
This accolade recognizes Corvil’s precision, accuracy, and scale in data capture, time-stamping, time-synchronization, and real-time analysis, which serve as the foundation for data-driven businesses to understand and improve the effectiveness of their electronic transactions. Corvil has also proven a key component for many firms in satisfying increasingly stringent regulatory requirements such as MiFID II and Consolidated Audit Trail (CAT). As these and other emerging cyber security, data protection, and AI regulations seek to provide oversight, forensically verify causality, and recreate events that happen in machine-time, Corvil offers a trusted and proven solution.
“Our readership of trading technology executives recognized Corvil as the leading time stamping and latency measurement system. Congratulations to Corvil on winning this award,” said Andrew Delaney, President and Chief Content Officer at A-Team Group. “The award recognizes that in today’s highly automated and data-driven markets, Corvil’s analytics continue to advance the transparency, visibility and insights that enable market participants to meet competitive performance demands as well as heightened regulatory requirements.”
As organizations increasingly turn to AI, advanced data modeling and analytics Corvil believes the quality and accuracy of data sources is fundamentally important to the quality of the output. “In today’s highly competitive trading business environment those who have the best information and react the fastest have the advantage. Whether seeking integrity to assure compliance and reduce risk or to optimize performance, Corvil provides a rich source of trusted and timely intelligence about the trading business, customers, operations and security,” said David Murray, Corvil’s Chief Marketing and Business Development Officer. “We are delighted that once again our peers recognize our powerful analytics platform and thank and acknowledge Corvil customers who trust our platform to assure their trading business.”
Corvil’s strong performance in empowering firms with insight into client and trader intelligence, market data quality, order and transaction performance as well as technology performance to optimize execution, continues to garner peer recognition. In 2018 the firm achieved “ Best Time Synchronisation Solution ” at A-Team Group’s RegTech Awards 2018; ” Best Financial Transaction Security Platform ” in 2018 FinTech Breakthrough Awards while Institutional Investor recently named Corvil CEO, Donal Byrne, among world’s top 25 Innovators in trading technology.
About CorvilCorvil is the industry leader for deriving Security, Operational, and Business intelligence from network data. As companies adopt faster and smarter machine technology, it becomes critical to tap into richer and more granular machine data sources to safeguard the transparency, performance and security of critical infrastructure and business applications. The Corvil streaming analytics platform captures, decodes, and learns from network data on the fly, transforming it into machine-time intelligence for network, IT, security and business teams to operate efficiently and securely in this new machine world. Corvil uses an open architecture to integrate the power of its network data analytics with the overall IT ecosystem providing increased automation and greater operational and business value outcomes for its users. The Corvil solution is trusted by leading financial institutions to safeguard their businesses across the globe involving 354 trillion messages with a daily transaction value in excess of $1 trillion.
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