Chi-X Global Deploys CorvilNet in Australia, Canada and Japan

Corvil solution provides network visibility, market data health and transaction analysis

TOKYO, SINGAPORE, LONDON and NEW YORK, Aug. 29, 2012 /CNW/ - Corvil, a provider of latency management systems for global financial markets, today announced that Chi-X Australia, Chi-X Canada and Chi-X Japan have deployed the CorvilNet Latency Management System.

(Logo: http://photos.prnewswire.com/prnh/20120605/537402 )

The CorvilNet solution enables users to monitor and analyze network latency and microbursts, market data health, participant order flow and trade performance. In addition, the ability to generate flexible reports using Corvil's Latency Dashboards and Navigator provides Chi-X and its participants with access to critical performance metrics.

"As we continue to look for new ways to enhance our customer's experience and optimize execution quality, CorvilNet will allow us to better measure participants' performance, leading to a deeper dialogue on how they can best utilize our trading infrastructure.  As trading participants' needs evolve and they look to adapt to the changing landscape, having greater visibility into system performance has never been more critical," said Tal Cohen, CEO, Chi-X Global.

Donal Byrne, Corvil CEO, said: "We understand Chi-X's need to provide participants with latency and performance analysis as they look to optimize the performance of trading systems.  It's a great endorsement that our CorvilNet Solution has been deployed by Chi-X to demonstrate the high performance and high capacity of their trading venues."

Corvil

Corvil is a provider of Trade Monitoring systems for global financial markets. The company was founded in 2000 and operates from New York, London, Singapore, Tokyo 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

SOURCE: Corvil

Sheila Carroll E-mail: [email protected] T: [phone]