---
title: "Success Story: Market Maker Optimizes Execution"
description: "Analytics and insights from Corvil accelerates market data delivery to improve trade execution."
type: "case-studies"
date: "2018-06-15"
source: https://www.pico.net/resources/quantitative-market-maker/
markdown_url: https://www.pico.net/resources/quantitative-market-maker.md
---

# Market Maker Optimizes Execution
## Challenge

### Increasingly Complex and Volatile Market Data Services Impacting Execution

- Traditional market data and real-time, structured news feeds shared the same distribution infrastructure but had varied volume and volatility characteristics

- Market data volumes were even more unpredictable during peak news event activity, complicating real-time capacity management

- Ultra-low-latency technologies require precise visibility and analysis to support effective infrastructure operations

## Solution

### Analytics to Optimize Market Data

- Insight into [market data](https://www.pico.net/products/corvil-analytics/market-data-analytics/) gaps and other quality issues across all incoming third-party feeds

- Visibility into health and performance across feed handlers and feed distribution devices, searchable by feed, by symbol

- Infrastructure and application performance and capacity insights to optimize data delivery

- Workflows to accelerate identification, isolation, and resolution of market data quality or infrastructure performance degradation

- Tick-to-order correlation and analysis to enable algorithm and trade strategy optimization

- Independent, precision time-sequenced market data records for quantitative analysis and to serve as evidence for [stakeholder inquiries](https://www.pico.net/products/corvil-analytics/market-maker/)

## Results

### More Efficient Market Data Delivery To Improve Trade Execution

↓ Risk of stale or gapped market data

↓ Distribution capacity consumption by ~30%

↑ Data reliability during dynamic periods

↓ Mean time to identify and resolve issues