Nasdaq OMX to monitor US platform performance with CorvilNet

Written by FinTech Futures
6th June 2013

Nasdaq OMX plans to implement operational performance monitoring across its US trading platforms using software from Corvil.

The CorvilNet performance monitoring system will provide the exchange group with the ability to simultaneously analyse activity at the network, application and trading layers. The information that is captured will allow it to alert for anomalies in real time and improve systems performance. Diagnostic tools can be used to track the full life cycle of a trade, enhancing the exchange’s ability to respond to queries relating to technical issues, performance levels, or trading outcomes and optimise its INET trading engine.

The tool will also be used to support regulatory functions such as tracking outbound data feeds to member firms and the securities information processors who are responsible for collecting quote and trade data from exchanges, consolidating it and, and sending out a continuous stream of real-time price and trade information.

“The CorvilNet solution monitors and enhances the trading experience, detects complex anomalous behaviour, achieves an additional level of visibility into trading events and intelligently alerts our information technology systems and staff,” said Eric Noll, executive vice president of transaction services US and UK at Nasdaq OMX. “We believe the rest of the industry will adopt sophisticated technology solutions as a means to reduce risk exposure in a constantly evolving electronic marketplace. There is a need for greater visibility to deal with competitive and regulatory forces that shape operations,”