Corvil, the network data analytics company for business in the Now™, today announces that its platform has been chosen by Saxo Bank, the online multi-asset trading and investment specialist, as their end-to-end data monitoring solution. Saxo will use the Corvil network data analytics platform to monitor market data, network and application flows in real-time, identifying potential inconsistencies as they occur to ensure a consistent and secure trading and pricing environment. Saxo’s integration of the Corvil platform comes on the back of years of continual growth of client base, global reach and product range.
“As Saxo continues to grow, Corvil’s best-in-class solution was a natural choice to meet our data flow monitoring needs,” said Michel Andre, CTO for Saxo Bank. “Corvil has a stellar reputation within the financial industry and is the only solution that can adequately handle the volume of data flows we process at enough granularity. For us, there were really no good alternatives to Corvil.”
Corvil has deep roots within the financial industry, currently working with nearly every stock exchange and major bank. They have become the go-to network and application monitoring solution for the financial industry because their platform can uniquely handle the high-speed conditions in which network data must be analysed. Working in true real-time, Corvil is the only solution that scales to monitor data in the current high speed and volumes that the global electronic financial markets generate.
“The speed at which network data travels is both a blessing and a curse for the financial markets,” says Donal Byrne, CEO of Corvil. “On one hand, it means quick trades and instant money transfers. On the other hand, lots can go wrong. The Corvil solution provides a watchful eye over any network, enabling us to notify our partners at the moment of any inconsistencies so they can react in near real-time.”
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