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 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.