Tokyo Stock Exchange Select Corvil to Manage Latency on the Arrowhead and Tdex+ Trading Systems
Corvil opens Tokyo Office to support expanding footprint in Japan
LONDON AND NEW YORK, June 6, 2012 /CNW/ - Corvil, a provider of latency management systems for global financial markets, today announced that Tokyo Stock Exchange, Inc. (TSE) has selected CorvilNet, Corvil's latency management system, to monitor its trading systems arrowhead and Tdex+ and its network arrownet. CorvilNet has been selected by the TSE as their platform of choice to manage performance at the network, message and application layer, for both market data and transaction processing systems.
The Tokyo Stock Exchange has invested significantly in upgrading its systems, increasing its transaction handling capacity and cutting order processing time. As part of this major investment The Exchange decided to establish latency management as a key component of delivering transparency and performance to their customers.
"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, Senior Managing Director and CIO, Tokyo Stock Exchange, Inc.
The Corvil 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. Real-time performance data highlights latency issues and transaction bottlenecks, which can be quickly resolved to ensure high-speed order response times and reliability. In addition the CorvilNet solution provides real-time analysis of market data distribution, allowing TSE to detect, capture, alarm, and report on message sequence gaps.
Donal Byrne, Corvil CEO, said: "The Tokyo Stock Exchange is the leading market centre in Asia. Corvil is honoured to have been selected to provide the latency management solution for this very important Japanese institution."
Corvil also announced the expansion of their presence in Asia with the opening of an office in Tokyo. Peter O'Connor, VP Sales Asia, said: "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."
Corvil is a provider of Latency Management 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.comFor further information:
Corvil Asia Sales Contacts
Tokyo, Hiroki Umemori, Tel: +81-3-5276-5365
Singapore, Peter O'Connor, Tel: +65-6733-1863
PRESS CONTACT Collette Bird, E-mail: firstname.lastname@example.org, T: +353-1-859-1040