Corvil, a provider of latency management systems for trading and market data, announced SIX Swiss Exchange, a securities exchange, is leveraging Corvil's Latency Management System for latency monitoring of service provider performance, client order flow and analysis of market data quality.

With the CorvilNet solution, SIX Swiss Exchange can validate the latency performance of colocation providers and service provider links to its market participants. CorvilNet will report on the execution speed of customer order flow such as trade-to-tick and order-to acknowledgement.

“We are committed to providing our trading members with the highest levels of efficiency and transparency,” said Chris Landis, head of Operations SIX Swiss Exchange, in a statement. “The deployment of the CorvilNet solution into our environment has provided us with automated insight into the latency performance of our service providers and given us the tools to optimize our environment for low-latency performance.”

Other benefits of the CorvilNet solution include the monitoring of market data quality including gap detection analysis. Corvil delivers decoders for the exchange's Market Data Interface (MDI (News - Alert)) feed, Standard Trading Interface (STI) feed and Capacity Trading Interface (CTI) feed.

“With CorvilNet SIX Swiss Exchange, we can leverage greater visibility into client order execution and market data latency while, in turn, the exchange is now better equipped to capacity plan and quickly address latency bottlenecks, through the real-time monitoring of latency performance levels across all elements of their trading infrastructure,” said Donal Byrne, CEO of Corvil.

Recently, Corvil announced that Singapore Exchange (SGX) selected the company for latency management of its new generation trading system, Reach, and for the company’s colocation services. The Corvil solution will be deployed within SGX’s collocation infrastructure to manage latency between SGX members and the Reach trading platform.