Corvil, a specialist in real-time data analytics and regulatory solutions for the financial services industry, has launched a new solution in the fixed income space to help enable market participants with an improved electronic execution utility.
The group’s latest release aims to help bolster electronic execution quality as well as to reduce market and operational risk for fixed income market participants. This will include the provision of a broader vantage point into the electronic trading ecosystem, with an emphasis on counterparty activity, trader and client experience, and underlying technology platform performance.
Competition Necessitating New Functionality
The group’s latest solution is important as it helps address a need for improved servicing of desks and clients, trade strategy adjustment, and technology optimization, among other functionalities in an increasingly complex environment.
In particular, Corvil’s new solution will aim to provide real-time visibility as well as fixed income trading analysis and transparency across the entire trade lifecycle. This includes a focus on reducing market and leg risk via identification, analysis, and insight for remediation of missed prices and hung orders as well as enhanced transparency.
According to David Murray, Corvil’s Chief Business Development Officer, in a statement on the solution: “We recognize leaders of today’s digital businesses – especially those as complex as Fixed Income trading – require transparency into how their business is performing commercially, visibility into their customer activity and experience, and information about the performance and security of their underlying applications and technology infrastructure.”
“Our solution provides a new level of benefit across all three dimensions and we are excited by the customer feedback we have received to date regarding the value delivered,” he added.