CME Deploys Corvil for Data, Order Latency Monitoring

CME Group has deployed Corvil’s CorvilNet latency management system. The exchange will use the system to monitor, analyse and optimise its market data and order execution traffic against low latency objectives.

According to CME Group managing director and chief information officer, Kevin Kometer, “A key element of our business is to provide low-latency trading and data services to our customers: CorvilNet’s real-time monitoring capability and in-depth analytical tools enable us to optimise the performance of these core services.”

CorvilNet clients are able to specify latency objectives for their trading and market data infrastructures in terms of meaningful microsecond targets, and continuously monitor for compliance against those baselines. If latency violations occur, CorvilNet immediately alarms, performs a “smart” packet capture for deep forensics and provides immediate recommendations for optimisations to re-establish compliance. CorvilNet also measures headroom available for market surges, traffic growth and impact of new applications or customers on a network.

Corvil CEO Donal Byrne says the CME’s “extensive examination … underscores the robustness of our technology and services that transform latency from an onerous burden into a competitive edge.” Dublin-based Corvil, with operations in New York and London, was introduced to CME by Enterprise Ireland, the government agency responsible for development and promotion of indigenous businesses.