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Corvil Industry-First, Latency Monitoring For New Millennium Exchange

Corvil, a provider of latency management systems for high performance trading and market data, today announced availability of full latency monitoring of order flow and quality analysis of market data for Millennium Exchange that went live on February 14th from the London Stock Exchange Group.

Millennium Exchange is the London Stock Exchange's new trading and information platform, which builds on the expertise brought into the group by the acquisition of Millennium IT in October 2009. The goal of the London Stock Exchange Group is to provide its participants with one of the fastest, most reliable and technologically advanced markets in the world. With this new functionality, market participants who have deployed CorvilNet can monitor continuously:

Latency of LSE Millennium Native and FIX Trading Interfaces - participants can track the order response time for all order types including New Orders, Quotes, Modifys and Cancels and the associated acknowledgements and / or reject messages

Quality of LSE Millennium ITCH And FIX-FAST Market Data – participants can use gap detection and microburst analysis to assess the quality and traffic profile of the feeds. The presence of gaps and/or microbursts can often cause latency issues if they are not handled properly

Latency of LSE Millennium Order to Market Data Update – participants can track “trade to tick” latency which reflects how fast the exchange can process an order and reflect the order on the market data feed e.g. Add Order to ITCH update

Relative Latency For A versus B Feeds – tells participants the relative latency between updates on the A and B versions of the market data feeds

“Many of our market participant customers are in the process of migrating to the new Millennium Exchange. This new functionality will allow participants to minimize migration risk and enable them to validate the speed and performance improvements promised for LSE’s new trading platform,” said Donal Byrne, CEO of Corvil.”

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