US derivatives exchange operator CME Group has implemented CorvilNet, a latency management system from technology provider Corvil.
CorvilNet allows trading venues and other market infrastructures to monitor, analyse and optimise market data feeds and order execution traffic to achieve ultra low latency.
Once users have specified latency objectives for their trading and market data infrastructures in terms of milliseconds, CorvilNet monitors compliance against these objectives continuously and automatically.
If latency targets are exceeded, CorvilNet alerts the user and immediately recommends actions to re-establish compliance with the targets. The tool also measures headroom available for market surges, traffic growth and the impact of new applications or customers on a network.
“A key element of our business is to provide low-latency trading and data services to our customers,” said Kevin Kometer, CME Group’s managing director and chief information officer, in a statement. “CorvilNet’s real-time monitoring capability and in-depth analytical tools enable us to optimise the performance of these core services.”