Allston Trading, an electronic trading and market-making firm, has picked Corvil to provide visibility, analytics, and reporting.
The company has partnered with the RegTech to optimise its systems and infrastructure and to assure trading performance according to a statement.
With highly automated, highly accelerated systems processing very large volumes of data, Allston said it sought to bolster capabilities in understanding the relationship between technology performance and its real-time impact on business outcomes.
Corvil’s analytics-driven workflows will reduce risk of service quality degradation and outages. It will also be used to measure and assure behavior profiles of new algorithms and software that automate various tasks, such as price analysis and order execution.
Steve Lazzo, CTO at Allston Trading, said: “Corvil helps us advance our strategic innovation plan by providing real-time visibility across our environment, enabling us to address issues before they cost us time and money, and by allowing us to determine where we get the best return on investment for development.
“When assessing whether to build or buy tools for effective and efficient operations, Corvil proved a very compelling option for improving trading performance and lowering our OpEx.”
With offices in Dublin, London, New York, Krakow, Tokyo, Madrid and Hong Kong, Corvil provides monitoring and risk mitigation solutions for the IT industry.
The Corvil streaming analytics platform captures, decodes, and learns from network data on the fly, transforming it into machine-time intelligence for network, IT, security and business teams to operate efficiently and securely in this new machine world.
It uses an open architecture to integrate the power of its network data analytics with the overall IT ecosystem providing increased automation and greater operational and business value outcomes for its users.
The Corvil solution is trusted by leading financial institutions to safeguard their businesses across the globe involving 354 trillion messages with a daily transaction value in excess of $1trn.
Corvil recently launched a new security analytics solution to help organizations identify malicious behavior from compromised user accounts that increase the risk of data theft and reputational damage.
The company also launched a new solution that establishes a system of traceability to Coordinated Universal Time (UTC). The solution is used for monitoring, analysing and reliably reporting activity on electronic trading networks, a mandatory requirement for businesses to comply with pending financial regulations such as MiFID II and the Consolidated Audit Trail (CAT).
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
