Getting full value from your market data investment.
The quality, completeness, and timeliness of market data impacts both strategy decisions (what to trade) and order execution decisions (where to trade).
Corvil pinpoints missing data and stale prices, tracks data delivery across your infrastructure, and measures the reaction speed of algo strategies – essential visibility for maximizing the value of expensive data feeds.
Focus expensive optimization on the biggest problems
Keep on top of changing market conditions
Foster collaboration with an integrated view of network performance and market data quality
Ensure you always have a clear picture - industry leading coverage of feeds across all global markets via monthly updates
"Corvil has a stellar reputation within the financial industry and is the only solution that can adequately handle the volume of market data we process at enough granularity. For us, there were really no good alternatives to Corvil."CTO, SAXO BANK
What are the key questions for market data delivery?
Ensure that the incoming data is complete, current and resilient. Check for gaps on incoming multicast feeds, monitor latency from the exchange publisher, and compare the overall quality of the primary and secondary feeds.
Identify missing data and measure latency across the infrastructure en route to the trading strategies. Pinpoint congested network hops or overloaded middleware transports. Measure the performance of feed handlers and primary/secondary line arbitration.
Complete the picture by correlate trading decisions and market data. Track the critical decision latency by matching an outgoing order to the tick that triggered it. Quantify how quickly the market can react to an order by correlating it with the public market data tick.
Corvil taps into the market data flowing through the ticker plant infrastructure providing a real-time authoritative view of all market data feeds with nanosecond precision - every tick, every symbol across each infrastructure hop.
Corvil passively captures, timestamps, decodes, correlates and analyzes the market data flows, in real-time, with zero impact on the performance of the ticker plant infrastructure. The result is a real-time picture of the latency, performance and capacity utilization of the ticker plant. Operations personnel are alerted pro-actively when problems arise, and Corvil provides a sophisticated suite of analytics for detecting and troubleshooting market data specific issues e.g. determining whether the A or the B feed is the fastest, detecting market data gaps, predicting bandwidth requirements.
Corvil supports analytics plug-ins for hundreds of market data protocols across Equities, Options, Derivatives, FX and Fixed Income, including popular middleware protocols like Tibco. These are updated monthly and can be extended on-demand as required by our clients.
Corvil supports streaming its enriched timestamped data and detected ticker events to a wide range of external tools such as Kdb, Hadoop and Splunk.
Gap detection – ensure all the data arrives
Exchange latency – track any delays in receiving updates from the exchange
AvB latency – check how close the primary and secondary feeds are
Global coverage – 500+ feeds updated monthly
Zero config – auto-detection of feeds
Measure latency across each network hop
Track latency across feed handlers
Measure load and performance on middleware transport
Decision latency – how quickly can you trade in response to a market data signal
Order to tick – how long before your order is publicly visible
Wire-to-app latency measurement
Indexed searchable tick by tick record for forensic investigation of algo failures
Archivable history to support back-testing of new strategies