Chicago Board Options Exchange Deploys Corvil to Optimize Its Market Data Infrastructure for Low Latency

London and New York - 31 January 2011

Corvil, a provider of latency management systems for high performance trading and market data, today announced that Chicago Board Options Exchange (CBOE), the largest U.S. options exchange and creator of listed options, has deployed Corvil's Latency Management System for monitoring and optimization of their market data infrastructure.

The CorvilNet solution is being deployed in the market data path in order to monitor latency and bandwidth and to identify possible market data disruptions that may occur. CBOE is using CorvilNet for precision measurement of one-way latency and loss for the OPRA market data feed across their internal infrastructure, and to measure gap detection for the OPRA and CBOE market data feeds. CBOE are also using CorvilNet's live API to access bandwidth and loss statistics for internal business reporting.

"The implementation of the Corvil solution into our environment has allowed us to achieve automated insight into the quality of our market data streams. This has saved us from performing many manual processes that used to take a great amount of time and energy for the results we needed to provide,"said Gerald O'Connell, CBOE Executive Vice President of Systems and CIO.

"Now, we have consistent data being automatically provided in order to make the correct recommendations to benefit our clients."

O'Connell highlighted message gap detection and customized live dashboards as two key features of the CorvilNet solution. Gap detection allows CBOE to see exactly where loss might be occurring anywhere in the path throughout their network. The flexibility of the live dashboards provides real-time customized views for items that are specifically important to the CBOE environment.

"Low-latency distribution of market data has become one of the most important factors that determine success in high frequency trading. When distributing market data it is equally important to protect against packet loss. By deploying the CorvilNet solution CBOE are able to deal with market data microbursts while assuring latency and loss service levels for their clients," said Corvil CEO, Donal Byrne.

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