By Alexa Jaworski

CME Group is using technology from Dublin-based Corvil to monitor and manage latency in its trading and market data infrastructures.

“A key element of our business is to provide low-latency trading and data services to our customers,” said CME managing director and chief information officer Kevin Kometer. The CorvilNet system’s “real-time monitoring capability and in-depth analytical tools enable us to optimize the performance of these core services.”

John Hart, managing director of technology engineering at CME, said the exchange operator implemented CorvilNet because it provides “much more granularity and latency monitoring.” CME’s customers are “highly sensitive to latency,” said Hart. “Not only do they want the fastest system possible, but they also want systems that are high performing under severe loads--tens of thousands of transactions per second.”

According to Hart, the Chicago Mercantile Exchange sees round-trip times in the single-digit milliseconds. “We’ve gotten to a point where we needed to be able to analyze our systems at the microsecond level rather than millisecond,” he said. “We had a real challenge on our hands, because the majority of tools out there were unable to give us that level of detail in terms of monitoring what’s going on.”

In a statement, Corvil CEO Donal Byrne noted that “winning approval of CME Group, well known for its high performance standards, underscores the robustness of our technology and services that transform latency from an onerous burden into a competitive edge.” Corvil, which has offices in New York and London, counts Credit Suisse, Deutsche Borse Systems and the London Stock Exchange among its customers. Last month, BT announced that it will offer CorvilNet to its clients.

CorvilNet users set latency objectives; when they aren’t met, the system performs an analysis and provides optimization recommendations. Correlix, CodeStreet and Trading Systems Associates also provide latency measurement software.

Corvil said that it was introduced to CME by Enterprise Ireland, an agency responsible for developing and promoting local businesses. “Corvil is emblematic of Ireland’s entrepreneurial vitality and we congratulate their ability to compete vigorously on a global scale,” said Gerry Murphy, executive director of international sales and partnering at Enterprise Ireland.

This article was originally published at

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