- Firm’s advancements in analytics that power superior trade execution recognized in prestigious industry awards -
NEW YORK, April 26, 2019 – Corvil the leader in performance monitoring and analytics for financial markets, has been awarded the “Best Trading Infrastructure Analytics” title in the 2019 Markets Choice Awards hosted by Markets Media.
Trusted by top-performing banks, brokers, trading firms, and stock exchanges, Corvil has a twenty-year legacy of providing the intelligence and insight that powers peak trading performance. Its real-time visibility into technology infrastructure, order lifecycle and execution, and the insight to optimize trading performance are among the factors that have secured its status as a technology leader, critical to the growth and success of its customers.
This award emphasizes Corvil’s successful track-record in anticipating the needs of financial markets and supporting these businesses with continuous technology innovation that delivers operational efficiencies as well as maximizes the quality of execution.
JPMorgan’s E-Trading Survey 2019 shows traders now place the best execution requirements and efficiency of the process behind the availability of liquidity as their top daily issues. The survey also reveals the top four most important criteria when selecting a liquidity source are: price consistency, availability during volatile markets, execution quality, and response times. In today’s highly competitive trading environment, with demands for greater transparency, choice of diverse liquidity and high service expectations, there is a compelling need for faster, more effective data analysis, execution decisions, and short time scale adaptivity.
With infrastructure performance so intrinsic to the overall trading outcome, Corvil captures and analyzes all order lifecycle messages with nanosecond level precision, and correlates execution outcome and technology performance to enable firms to optimize their trading performance.
Further, with execution quality vital to capturing and retaining order flow, Corvil serves the industry’s need for increased scrutiny of execution performance with its suite of execution analytics. The solution empowers infrastructure, e-commerce and markets teams to quickly detect degradation; trading performance anomalies; perform multi-dimensional analysis of clients, orders, infrastructure performance and venues, etc.; identify optimization and order routing opportunities and ultimately improve execution and transparency.
“In today’s competitive trading environment, the performance advantage goes to those firms using the best information to react intelligently and swiftly,” said David Murray, Chief Marketing and Business Development Officer, at Corvil. “As market dynamics dictate execution quality is ‘king’ this award underscores the ‘kingmaker’ role advanced analytics play in enabling market participants to improve execution quality and overall trading performance.”
This latest accolade adds to Corvil's list of industry recognition which includes: “Best Predictive Analytics Solution” and “Innovation Award for Analytics” in FinTech Breakthrough 2019 Awards; "2019 RegTech 100 List" of World's Most Innovative Technologies; “Best Trading Infrastructure Monitoring Platform” in A-Team Group 2019 TradingTech Insight Awards as well as "Leader" in Software Reviews 2018 Network Monitoring Data Quadrant.
Pico is a leading provider of technology services for the financial markets community. Pico provides a best-in-class portfolio of innovative, transparent, low-latency markets solutions coupled with an agile and expert service delivery model. Instant access to financial markets is provided via PicoNet™, a globally comprehensive network platform instrumented natively with Corvil analytics and telemetry. Clients choose Pico when they want the freedom to move fast and create an operational edge in the fast-paced world of financial markets.
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