Alpha Trading Systems, an alternative trading system for Canadian equities, has chosen CorvilNet, a trading and data latency management system from technology firm Corvil, to measure and tackle latency across its infrastructure.
According to Corvil, Alpha will benefit from microsecond-level latency management and the ability to identify and handle transient traffic spikes within its infrastructure using CorvilNet’s microburst detection feature. The product allows its users to identify short-term anomalies and suggests adjustments and optimisations to ensure network infrastructure and applications are running at peak performance.
“Microsecond monitoring of traffic is a critical capability to assure the low-latency performance of market center trading infrastructure. Failure to detect and deal with traffic microbursts can lead to latency brown-outs during the busiest periods of the trading day,” said Corvil CEO Donal Byrne in a statement.
Other key features of CorvilNet include latency compliance management, monitoring, reporting and infrastructure optimisation for low-latency operation.
“We chose Corvil because the growth of our market and the evolution of trading activity in Canada, for example increased high-frequency trading, demands greater visibility and transparency into the operations of our market place,” said Karl Ottywill, Alpha’s chief information officer.