Corvil, a provider of risk management tools, has launched a new monitoring solution for FX markets in Asia as it seeks to build up the service it offers in the region.
The new tools comprise low-cost applications to support oversight of all major trading and market data protocols used to trade FX in Asia. They also include an automatic time synchronisation protocol and are specifically tailored to meet the needs of market participants in Asia.
The Asia-specific solution can also be used in conjunction with Corvil’s Latency Navigator real-time reporting tool as well as the firm’s Trade Lens business-level visibility tool.
“This special solution has been driven by the unique requirements of our clients in Asia,” said Peter O’Connor, vice president, sales Asia, Corvil, adding the firm continues to view Asia as a region for expansion. “Corvil is adapting to the changing landscape, providing greater visibility into network performance on the LAN and WAN and across our customers’ critical trading systems for market data and order flow.”
To aid its Asian expansion, Corvil has partnered with UK telecoms provider BT to offer a broader range of solutions to clients in financial hubs such as Sydney, Hong Kong, Singapore, Tokyo, Seoul.
“Our clients are looking for new ways to remove operational risk from their trading systems,” said Jerry Hubbard, managing director, BT Radianz. “The addition of Corvil’s solutions to our BT Radianz services offers clients greater insight into latency and network performance analytics that can impact their trading quality.”