Pico Adds Execution Analytics to Corvil
Posted by Colin Lambert. Last updated: February 9, 2022
Pico has launched the Corvil Electronic Data Warehouse, a solution to monitor strategy execution across a firm’s trading infrastructure.
The warehouse uses data streamed from Corvil’s network instrumentation, the firm says, providing granular visibility into execution quality and the ability to correlate trading behaviour with execution path and counterparty performance. The analytics can be deployed on individual trades or across a portfolio of transactions, providing “a lens into technology stack performance and its impact on trading”.
The new solution also provides ggregate transaction flow monitoring, which, Pico says, allows isolation for specific clients, strategies, order types and counterparties, to reveal how execution path, component latency and market destinations impact trading success. Full trade traceability from issuer to market, across every hop, translation and parent/child order relationship to isolate degraded decision and transmission latencies, is also available.
The Warehouse also has transaction completeness monitoring and reconciliation across both inter and intra-plant to detect lost messages and discrepancies in real-time, as well as live order state monitoring to track open positions, close open orders and reconcile client/market records after component failure.
It is underpinned by machine learning and analytic alerts to detect problems in real-time to mitigate business impact and offers client-quality reporting, to provide brand-aligned execution transparency to clients and internal stakeholders.
“As trading systems become more complex and faster, we continue to invest in innovation that meets performance demands and advances our analytics capabilities,” says Roland Hamann, chief technology officer and head of APAC at Pico. “Corvil’s high throughput, lossless, granularly time-stamped trading data capture provides an incredibly rich data source that can be used for broader analytics and use cases including trade analytics. Corvil Electronic Trading Data Warehouse elevates high-fidelity data to new business stakeholders to deliver precision insights, ultimately helping them realise further value from their Corvil investments.”