---
title: "Trading Analytics | Corvil Analytics for Trading | Pico"
description: "Corvil Analytics for Trading: a network-derived golden source of truth for electronic trading. Capture every order, tick, and fill with 600+ decoders, multi-dimensional analysis, and nanosecond precision."
source: https://www.pico.net/products/corvil-analytics/trading-analytics/
markdown_url: https://www.pico.net/products/corvil-analytics/trading-analytics.md
---

# Trading Analytics
Corvil Analytics for Trading gives banks, brokers, exchanges, market makers, and quant firms an independent, network-derived record of every order, tick, fill, and packet — captured with nanosecond precision and no application overhead. Use it to protect order flow, prove execution quality, resolve incidents faster, reduce operational risk, and turn trading infrastructure data into business insight.

- Every order, every tick, every fill, for every client, venue, and hop across asset classes
- 600+ decoders with SDK for custom protocol development
- Captured directly from the network: no application changes, no agents, no latency overhead
- AI-ready APIs: Integrate enriched trading and network data with agents, observability platforms and data warehouses

## What is Corvil Trading Analytics?

Corvil Trading Analytics provides a network-derived golden source of truth for electronic trading. By capturing and decoding in real-time every order, tick, fill, and packet directly from the network with nanosecond precision (without application instrumentation or latency overhead), it reconstructs a complete, time-synchronized view of the full trading lifecycle. The modular architecture lets you invest as required, from high-speed network capture through real-time network analytics to layer 7 application analytics with machine learning anomaly detection, so exchanges, banks, brokers, and quant firms can assure performance, resolve issues faster, and prove service quality.

## Who uses Corvil Trading Analytics?

### Brokers

- Protect order flow and client trust with packet-level proof of every execution
- Trace every parent and child order across gateways, SORs, and venues
- Answer best-execution questions with evidence, not conflicting logs
- Independent view of order and session state during outages, restarts, and degraded application conditions
- Cut MTTR with one trusted dataset shared across teams

### Market Makers

- Catch performance degradation before it erodes alpha
- Measure tick-to-order latency with nanosecond precision
- Compare execution across venues, paths, and strategies
- Trusted time-synced data for quantitative market microstructure analysis
- Stay inside exchange order-to-trade ratio (OTR) limits while quoting aggressively

### Exchanges

- Protect market confidence with an independent record of venue performance
- Give members defensible evidence of execution and market-data quality
- Monitor matching-engine latency and feed dissemination in real time
- Surface fair-access and speculative-triggering violations
- Keep an audit-ready, time-synchronized trail of every transaction

### Infrastructure Providers

- Differentiate with packet-level proof of performance
- Assure latency SLAs on critical services like market-data distribution
- Resolve client queries fast with evidence, not finger-pointing
- Real-time latency monitoring and alerting, from WAN to switch hops
- Upsell higher-grade services and bandwidth with independent quantitative data

### Foreign Exchange

- Cut the risk of trading off stale quotes and arbitrage exposure
- Settle liquidity-provider disputes with packet evidence
- Give clients full transparency into the order lifecycle
- Optimize latency across key infrastructure components
- Resolve service issues faster and reduce outage risk

### Fixed Income

- Answer desk and customer order inquiries faster
- Analyze customer order behavior across RFQ flow
- Reduce leg risk and catch hung orders in real time
- Hold technology vendors to account on performance
- Defend audits with time-synchronized order data

### Risk & Compliance

- Independent, time-synced, audit-ready record of trading activity
- Lower operational and compliance risk during outages
- Monitor time distribution availability, stability and traceability to UTC
- Reduce time to resolution for best execution, market abuse, and data integrity investigations
- Reduce risk with baselining and anomaly detection to surface issues fast

## Frequently asked questions

Everything you need to know about Corvil Trading Analytics.

### What is Corvil Trading Analytics?

Corvil Trading Analytics provides a network-derived golden source of truth for electronic trading. It captures every order, tick, and fill directly from the network with nanosecond precision and reconstructs a complete, time-synchronized view of the trading lifecycle, modeling and correlating client trading behavior, plant performance, and venue counterparty execution to enable proactive business management across all electronic trading asset classes.

### What are the modular components?

Corvil Trading Analytics includes: Network Capture (up to 100Gbps), Network Analytics (real-time L2-L4), Application Analytics (layer 7 protocol decode), Intelligence Hub (ML-powered correlation), 600+ decoders, Corvil Connectors for data streaming, Corvil Center for centralized management, Corvil Sensor for virtual/cloud environments, and Corvil AppAgent for in-application instrumentation.

### What are Corvil decoders?

Corvil provides 600+ decoders that decode packet payloads and enrich them with reference data and analytics to drive real-time dashboards and data integration streams. Decoders cover trading protocols (FIX, ITCH, OUCH, PITCH), market data feeds, and custom applications. The Corvil SDK allows organizations to develop their own decoders for proprietary protocols.

### How does Corvil integrate with other tools?

Corvil Connectors stream real-time data to Splunk, Elastic, Apache Kafka, Amazon Kinesis, kdb+, Cloudera, JDBC databases, and more, with no software development required. The Corvil API also enables programmatic access to all analytics, trading and market data messages, and underlying packets.

### What is the Corvil Intelligence Hub?

The Corvil Intelligence Hub models and correlates client trading behavior, plant performance, and venue counterparty execution to enable proactive business management. It uses ML/AI-powered anomaly detection to identify key changes before they impact trading, and provides a consumable, business-aligned operating view that stays available even during application outages and restarts.

### Can Corvil Trading Analytics monitor cloud environments?

Yes. Corvil Sensor extends packet-level visibility to virtual and cloud environments without physical appliances. Corvil AppAgent instruments application-level events for multi-hop wire-app-wire latency measurement.

### How is Corvil Trading Analytics managed?

Corvil Center provides centralized management for up to 600 appliances with global search, side-by-side analytics, and nanosecond drilldown, all from a single console across standard WAN connectivity.

## See Corvil Analytics for Trading in action

Talk to a Corvil specialist about building a golden source of truth for your electronic trading.