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Case Study

Market Maker Optimizes Execution

Analytics and insights from Corvil accelerates market data delivery to improve trade execution.

Key Results

More Efficient Market Data Delivery To Improve Trade Execution

  • Risk of stale or gapped market data
  • Distribution capacity consumption by ~30%
  • Data reliability during dynamic periods
  • Mean time to identify and resolve issues

Challenge

Increasingly Complex and Volatile Market Data Services Impacting Execution

  • Traditional market data and real-time, structured news feeds shared the same distribution infrastructure but had varied volume and volatility characteristics
  • Market data volumes were even more unpredictable during peak news event activity, complicating real-time capacity management
  • Ultra-low-latency technologies require precise visibility and analysis to support effective infrastructure operations

Solution

Analytics to Optimize Market Data

  • Insight into market data gaps and other quality issues across all incoming third-party feeds
  • Visibility into health and performance across feed handlers and feed distribution devices, searchable by feed, by symbol
  • Infrastructure and application performance and capacity insights to optimize data delivery
  • Workflows to accelerate identification, isolation, and resolution of market data quality or infrastructure performance degradation
  • Tick-to-order correlation and analysis to enable algorithm and trade strategy optimization
  • Independent, precision time-sequenced market data records for quantitative analysis and to serve as evidence for stakeholder inquiries