Neonet Deploys CorvilNet 5.1 to Measure Data Latency

Global agency broker Neonet is deploying CorvilNet 5.1, the new version of Corvil's core software platform, which the company announced today.

“Maintaining a low-latency trading infrastructure is essential for driving our electronic execution business,” commented Neonet CEO Simon Nathanson in the release. “The velocity of Neonet’s direct market access, algorithmic, smart order routing and real-time market data services must continuously operate at peak, ultra low-latency performance levels, and will now have a strong catalyst in CorvilNet 5.l,” Nathanson stated in the release. Neonet pointed to CorvilNet 5.1’s roundtrip measurement and diagnostic tools for optimizing message bus latencies of the firm’s agency algorithms as standout features. Neonet plans to deploy CorvilNet 5.1 in multiple locations including Stockholm, London, New Jersey and Frankfurt.

Key enhancements of CorvilNet 5.1 include latency measurement of messaging (e.g. FIX), that when combined with packet level measurement, provide a more in-depth and more sophisticated view of trading infrastructure performance, according to the company. A new multicast gap detection feature monitors market data feed quality and pinpoints inconsistencies. Corvil has also improved the level of traditional application performance features such as TCP (Transmission Control Protocol) roundtrip measurements that are often inaccurate when applied to high-frequency trading applications, the company said. Corvil’s new TCP analysis capability for trading applications measures roundtrip times not only during connection set-up but also continuously for every segment sent and acknowledged. Live trader dashboards enable centralized client and business reporting of real-time performance statistics for market data and electronic trading, giving traders an overall operational view across multiple Corvil appliances. With Corvil 5.1, the company has improved performance by migrating from a 32-bit to 64-bit architecture.

“Corvil 5.1 raises the bar for latency management systems with the integration of a host of new powerful features and performance improvements and the Neonet win underscores this value proposition,” stated Corvil CEO Donal Byrne in the release.

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