With rising competition for foreign exchange client order flow, the firm transitioned to managed technology services to more rapidly, and cost-effectively, deliver differentiating functionality to increase market share. The firm was also eager to avoid operational challenges of internally developed monitoring tools, such as:
Deployed across Europe, Asia, and America to analyze internal forex marketplace and market access connectivity, Corvil provided:
Client satisfaction and order flow
Effectiveness of platform optimization
Cost-effectiveness
Business impact of technology issues
Time to identify, isolate and resolve issues
Time to market for high-performance platform capabilities