Exane BNP Paribas Picks Corvil to Safeguard its Electronic Trading Business

Corvil, a provider of latency management systems for global financial markets, has announced that Exane BNP Paribas, a European broker dealer, has chosen Corvil to ensure the strength and performance of its electronic trading businesses and to support compliance with upcoming regulatory requirements such as MiFID II. Corvil was picked specifically for its ability to support compliance for MiFID II.

Finance Magnates recently reported on Corvil in April this year after the company announced the launch of its MiFID II solution to assist European financial firms with complying to MiFID ll regulations.

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Exane BNP Paribas’ decision to integrate Corvil is part of a strategy to deliver a best of breed Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term and has enabled a near 100 percent hit rate within its SuperSOR Smart Order Router.

Corvil was picked specifically for its ability to support compliance for MiFID II.

Commenting on its latest partnership, Donal Byrne, CEO of Corvil, said: “Exane BNP Paribas is a respected global investment company with over two decades in specialised financial services. Our continued work with organisations across the financial markets has supported Corvil’s evolution to become a required component of the business technology strategy and information ecosystem for any company that participates in electronic trading.”

Corvil’s ability to see, decode and analyse end-to-end trading transactions, market data and algorithmic activity as they are happening and at the level of granularity demanded by electronic trading regulators has led to its use as a critical component of financial institutions worldwide.

Its increasing presence across Europe comes as investment companies migrate new asset classes to electronic platforms and prepare for compliance regulations regarding real time data capture, order recordkeeping, and transaction Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term reporting.

Antoine Baptiste at Exane BNP Paribas added: “With the ever increasing speed and complexity requirements of a modern electronic trading platform, Corvil’s ability to independently monitor our end-to-end transaction latencies at the microsecond level is vital. One of the key selling points of Corvil for us was their strength at combining low-level network detail with high-level business concepts.”