Thomson Reuters Teams with Corvil to Deliver Complete Visibility for Data and Trading Latency
(Thomson Reuters ONE) -
New capability to ensure minimal latency, maximum throughput and high
reliability for Elektron Hosting
London 13 April 2011 - Thomson Reuters today announced that it has extended its
relationship with Corvil, a provider of latency management systems for high
performance trading and market data, to deliver end-to-end latency monitoring
and reporting for Elektron Hosting. This new capability will provide
transparency to customers who host applications and connect to market data
within this managed service environment, ensuring that their infrastructure is
optimized for minimal latency, maximum throughput and reliability.
The mainstream adoption of high speed, electronic trading has driven the need
for a holistic approach to latency management. Systems must be capable of
identifying bottlenecks at the software, hardware and network layers of data and
trading infrastructures to optimize all aspects of latency, including the time
taken to propagate, transmit and process messages.
"Latency is a challenge comprised of inter-related parts which, when addressed
together, deliver success in excess of their sum. Holistic latency management
isn't just a philosophy anymore - it's now a reality," said TABB Group analyst
Will Rhode.
Thomson Reuters will use the CorvilNet latency management system across its
global hosting sites to monitor all aspects of feed delivery, including data
sourcing, normalization and distribution, as well as the management of hosted
third-party applications. This will give clients greater visibility into their
infrastructure, including network and application latencies, and enable them to
monitor, manage and optimize their global data and trading flows.
In addition to offering latency monitoring and reporting for its Elektron
Hosting environment, Thomson Reuters aims to evolve this service and leverage
the CorvilClear inter-party latency service to share statistics with customers
using deployed Corvil in their own facilities. This will allow customers who are
consuming services from the Elektron Hosting environment to marry latency
statistics with their internal infrastructure for complete visibility into
global end-to-end market data and trading system latencies.
Traditional network monitoring tools are insufficient for sub-millisecond
trading conditions and proximity hosted trading systems in particular, where
propagation latency is already reduced and the impact of system performance is
consequently even more important.
Mike Powell, Global Head of Enterprise Real-Time Solutions, Thomson Reuters,
said: "The latency arms race isn't just about absolute performance; it is also
about consistency and transparency. That means deploying the right tools to
monitor and manage Elektron Hosting so that we ensure our performance remains
the best, even at market peaks, and give our customers confidence through
transparent performance metrics. Through our relationship with Corvil, we can
offer clients deeper insight and greater visibility into their end-to-end
trading infrastructure, enabling them to identify and resolve problems more
quickly."
"Thomson Reuters Elektron provides low latency global connectivity to markets
and participants at a scale and speed not previously achieved. Understanding the
complete latency picture within and between multiple markets is now critical to
optimizing trading performance. We are very pleased that our CorvilNet and
CorvilClear solutions are being integrated with this cutting-edge price
discovery, trading and managed application environment. By partnering with
Corvil, Thomson Reuters can ensure the optimized performance of its global
market data feeds, while providing their hosting clients with true end-to-end
latency reporting for market data delivery," said Corvil CEO, Donal Byrne.
THOMSON REUTERS
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial, legal, tax and accounting, healthcare and science and media markets,
powered by the world's most trusted news organization. With headquarters in New
York and major operations in London and Eagan, Minnesota, Thomson Reuters
employs 55,000 people and operates in over 100 countries. For more information,
go tothomsonreuters.com.
CORVIL
Corvil is a provider of Unified Latency Management systems to the world's
leading trading organizations including global banks, exchanges, electronic
market makers and services providers to financial markets. The company was
founded in 2000 and operates from New York, London 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 visitwww.corvil.com
CONTACTS
For Thomson Reuters:
Alan Duerden
Public Relations Director, Enterprise
Tel: +44 (0) 207 542 0561
alan.duerden(at)thomsonreuters.com
For Corvil:
Collette Bird
Marketing Manager
Tel: +353 1 859 1040
collette.bird(at)corvil.com
Press release (PDF):
http://hugin.info/142273/R/1505690/440558.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
[HUG#1505690]
Unternehmensinformation / Kurzprofil:
Datum: 13.04.2011 - 09:00 Uhr
Sprache: Deutsch
News-ID 53460
Anzahl Zeichen: 6570
contact information:
Kategorie:
Business News
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