Corvil said that its CorvilNet solution will enable SIX Swiss Exchange to validate the latency performance of colocation providers and service provider links to its market participants.
At the application level CorvilNet will be used to report on the execution speed of customer order flow, including trade-to-tick and order-to acknowledgement.
Through this solution, Market data quality will also being monitored, including gap detection analysis.
As part of the installation, Corvil delivered decoders for the exchange’s proprietary Market Data Interface (MDI) feed, Standard Trading Interface (STI) feed and Capacity Trading Interface (CTI) feed.
SIX Swiss Exchange head of operations Chris Landis said that the deployment of the CorvilNet solution into the environment has provided the exchange with automated insight into the latency performance of service providers and given the tools to optimize the company’s environment for low-latency performance.
Corvil is a provider of latency management systems for high performance trading and market data.
