The Tokyo Stock Exchange (TSE) has selected CorvilNet to monitor latency on its trading systems arrowhead and Tdex+.
The move comes as part of a concerted effort over the last few years to upgrade its systems, increase transaction handling capacity and cut order processing times.
“We are making a significant investment in technologies to further develop our trading systems and networks to the highest global standard. In teaming with Corvil, we have selected a trusted product that will enable TSE to ensure the high-performance, high-reliability and appropriate capacity of our mission-critical system,” said Yoshinori Suzuki, CIO at TSE.
Donal Byrne, CEO of Corvil, said the solution meets the need for highly granular reporting of end-to-end transaction performance and market data feeds while also managing all aspects of network performance.
“The Tokyo Stock Exchange is the leading market centre in Asia,” said Byrne. “Corvil is honoured to have been selected to provide the latency management solution for this very important Japanese institution.”
Corvil has opened an office in Tokyo to serve the deal and expand its presence in Asia.
“We see continued growth in this region fuelled by the need for exchanges to showcase their technology; global investors seeking higher returns and diversification in an expanding and developing market; as well as local trading firms who are seeking to capitalise on new opportunities and demanding faster technology and lower latencies,” said Peter O’Connor, vice president of sales in Asia.
A merger between TSE and the Osaka Stock Exchange was announced last November and is currently slated for January 2013.