BT has partnered with Corvil, a provider of electronic trading latency management systems, toextend BT's low latency portfolio beyond connectivity and hosting and into network latency management, the vendors announced today. By working with Corvil, BT can help financial institutions experience greater transparency of network latency challenges across the enterprise, and for networks used for high frequency electronic trading.
As a part of the agreement, BT will leverage CorvilNet, a latency management system developed by Corvil that monitors, analyzes and optimizes electronic trading infrastructures against ultra-low latency objectives encompassing market data feeds and order execution traffic. In addition to CorvilNet, BT will provide a dedicated team of business consultants and IT specialists from its Global Professional Services division that will analyze the reports, identify the hotspots and make recommendations to optimize a customer's infrastructure.
Joanne Kinsella, Head of Portfolio, BT Global Financial Services, said in a press release: "When considering how to reduce latency, the first step is to measure it. By working with Corvil and leveraging their expertise, we can now provide a critical line of sight into the network, which can further reduce latency and improve trading competitiveness."
Donal Byrne, CEO, Corvil said in a release: "BT is committed to providing its capital markets clients with an optimized infrastructure in support of low latency and high frequency trading. We coined `Latency Management System' to describe a new paradigm, driven by CorvilNet, in which the control and oversight of latency reduction, measured in microseconds, can yield a significant competitive advantage to electronic traders and markets." Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio