PR Newswire | 14 Jan, 2014
LONDON and NEW YORK: Corvil, a provider of Operational Performance Monitoring (OPM) for IT, today announced that Zürcher Kantonalbank (ZKB), the largest cantonal bank, has deployed Corvil's OPM system to monitor the performance of its Market Making and FX business, including market data quality, transaction analysis and FX order flow.
"The Corvil solution gives us insight into the performance of our trading systems including quote to order latency, traded volumes, gateway latency, and order entry response times. Key metrics such as the real-time quality of market data and transaction flow analysis, as well as FX movements, enable us to react quickly to market events and capitalize on these for our trading strategies," said Andreas Hofstetter, IT Service Manager and Head of Development Trading, ZKB.
ZKB subscribe to quotes on Deutsche Börse's Enhanced Broadcast Solution, SIX Swiss Exchange, and various FX brokers. They use these as inputs to their various trading strategies. The Corvil solution ensures the quality and timeliness of these data sources, and ensures the trading systems are responding swiftly and accurately to changes in market conditions.
"Without high quality real-time data you cannot make accurate trading decisions. The end result is missed opportunities and lower revenue potential. We are very pleased to have been chosen by ZKB. The Corvil solution enables them to respond rapidly to changing market conditions and provides precise and continuous insight into the performance of their trading systems," Donal Byrne, CEO, Corvil.
About Corvil
Corvil provides Operational Performance Monitoring (OPM) for IT. The Corvil platform extracts real-time operational intelligence from wire data and uses this intelligence to analyse the performance of IT applications and services, detect and alert on events in real-time and export enriched data for business intelligence and risk management analysis. Customers use Corvil to optimise and safeguard the operational performance of their business processes and services. The Corvil platform uniquely handles the demands of high-performance, low-latency and data intensive IT environments. The company was founded in 2000 and operates from New York, London, Singapore, Tokyo and Dublin. For more information on Corvil please visit http://www.corvil.com.
For further information, please contact:
Sheila Carroll, sheila.carroll@corvil.com, +353-1-859-1040
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