Corvil raises $12,000,000

Corvil Ltd, the technology and market leader in latency management systems for trading network infrastructure, today announced that it had secured $12 million in a new round of funding.  Donal Byrne, CEO said “One of the most pressing issues impacting global financial firms is how to increase speed and reduce latency when accessing market data and trade execution venues. Electronic traders need to be confident that orders are executed with the least possible latency. A Latency Management System that continuously monitors, analyzes and optimizes the network for low-latency performance is what is needed. Only then can they be certain that the network can deliver the service levels required by high performance trading applications. This new financing recognizes Corvil’s success in providing solutions for latency management to traders and network operators and architects in global financial markets.”