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Corvil Launches MiFID II Solution

Corvil launched a MiFID II solution, which enables customers to meet electronic trading regulations, including real-time monitoring, surveillance, and precision clock-synchronized record-keeping with minimal impact to existing trade plants and software systems.

Corvil’s solution leverages its ability to provide accurate, time-precision transparency to the trade execution lifecycle, in real-time. The launch includes the introduction of a lightweight agent that collects time-stamped machine events, integrating seamlessly with the existing passive, wire-based collection mechanisms of the Corvil platform.

These mechanisms, combined with Corvil’s longstanding high-fidelity, nanosecond time-stamping, time synchronization monitoring, and open data streaming allow customers to produce a time-sequenced record of events without expensive and time-consuming application and database re-architecture.

“Accuracy and transparency in Financial Markets have been longstanding goals of the regulatory community and MiFID II requirements are some of the most stringent the European Union has introduced. The mandate to provide a sequenced, authoritative record of events may introduce a significant cost burden to firms - both in terms of implementation and ongoing maintenance as applications, infrastructure, and regulatory requirements change,” said Donal Byrne, Corvil CEO. “Corvil, already widely trusted for its highly accurate and complete data, provides a novel approach that can greatly reduce the time, cost, and complexity of meeting compliance requirements for today and into the future.”

Corvil’s approach uses a dedicated independent system to gather the precision data needed for MiFID II reporting and forensics. The Corvil platform is deployed non-intrusively as an overlay on existing infrastructure, seeing all trading activity without requiring configuration for systems or flows to opt in. This removes the need for trading venues and participants to overhaul internal IT systems. Corvil’s wire-based data collection and timestamp measurements drastically reduce the size of the PTP distribution infrastructure required. They also reduce the need for extensive application and database development efforts to support implementation and ongoing maintenance of a home-grown solution.

“With the Corvil MiFID II solution, investment firms get the added benefit of a rich set of a highly accurate, precise data that can be used for advanced analytics purposes to improve trade strategies and algorithms, to provide greater insight into client experience, and to optimize their systems,” said David Murray, Corvil Chief Business Development Officer. “We are excited about being able to offer customers a net positive business benefit for the required “tax” of regulatory compliance.”

Corvil’s solution is applicable to the following MiFID II requirements:

- Clock Synchronization (RTS 25)

- Market Transparency and Reporting (RTS 22 and RTS 24)

- Pre and Post-Trade Risk (RTS 6 and RTS 7)

- Best Execution (RTS 27 and RTS 28)

Corvil’s new application agent is free of charge, available for trial immediately and generally available in mid-May.

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Corvil Launches MiFID II Solution

Corvil launched a MiFID II solution, which enables customers to meet electronic trading regulations, including real-time monitoring, surveillance, and precision clock-synchronized record-keeping with minimal impact to existing trade plants and software systems.

Corvil’s solution leverages its ability to provide accurate, time-precision transparency to the trade execution lifecycle, in real-time. The launch includes the introduction of a lightweight agent that collects time-stamped machine events, integrating seamlessly with the existing passive, wire-based collection mechanisms of the Corvil platform.

These mechanisms, combined with Corvil’s longstanding high-fidelity, nanosecond time-stamping, time synchronization monitoring, and open data streaming allow customers to produce a time-sequenced record of events without expensive and time-consuming application and database re-architecture.

“Accuracy and transparency in Financial Markets have been longstanding goals of the regulatory community and MiFID II requirements are some of the most stringent the European Union has introduced. The mandate to provide a sequenced, authoritative record of events may introduce a significant cost burden to firms - both in terms of implementation and ongoing maintenance as applications, infrastructure, and regulatory requirements change,” said Donal Byrne, Corvil CEO. “Corvil, already widely trusted for its highly accurate and complete data, provides a novel approach that can greatly reduce the time, cost, and complexity of meeting compliance requirements for today and into the future.”

Corvil’s approach uses a dedicated independent system to gather the precision data needed for MiFID II reporting and forensics. The Corvil platform is deployed non-intrusively as an overlay on existing infrastructure, seeing all trading activity without requiring configuration for systems or flows to opt in. This removes the need for trading venues and participants to overhaul internal IT systems. Corvil’s wire-based data collection and timestamp measurements drastically reduce the size of the PTP distribution infrastructure required. They also reduce the need for extensive application and database development efforts to support implementation and ongoing maintenance of a home-grown solution.

“With the Corvil MiFID II solution, investment firms get the added benefit of a rich set of a highly accurate, precise data that can be used for advanced analytics purposes to improve trade strategies and algorithms, to provide greater insight into client experience, and to optimize their systems,” said David Murray, Corvil Chief Business Development Officer. “We are excited about being able to offer customers a net positive business benefit for the required “tax” of regulatory compliance.”

Corvil’s solution is applicable to the following MiFID II requirements:

- Clock Synchronization (RTS 25)

- Market Transparency and Reporting (RTS 22 and RTS 24)

- Pre and Post-Trade Risk (RTS 6 and RTS 7)

- Best Execution (RTS 27 and RTS 28)

Corvil’s new application agent is free of charge, available for trial immediately and generally available in mid-May.

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According to Auvik's 2025 IT Trends Report, 60% of IT professionals feel at least moderately burned out on the job, with 43% stating that their workload is contributing to work stress. At the same time, many IT professionals are naming AI and machine learning as key areas they'd most like to upskill ...

Businesses that face downtime or outages risk financial and reputational damage, as well as reducing partner, shareholder, and customer trust. One of the major challenges that enterprises face is implementing a robust business continuity plan. What's the solution? The answer may lie in disaster recovery tactics such as truly immutable storage and regular disaster recovery testing ...

IT spending is expected to jump nearly 10% in 2025, and organizations are now facing pressure to manage costs without slowing down critical functions like observability. To meet the challenge, leaders are turning to smarter, more cost effective business strategies. Enter stage right: OpenTelemetry, the missing piece of the puzzle that is no longer just an option but rather a strategic advantage ...

Amidst the threat of cyberhacks and data breaches, companies install several security measures to keep their business safely afloat. These measures aim to protect businesses, employees, and crucial data. Yet, employees perceive them as burdensome. Frustrated with complex logins, slow access, and constant security checks, workers decide to completely bypass all security set-ups ...

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In 2025, enterprise workflows are undergoing a seismic shift. Propelled by breakthroughs in generative AI (GenAI), large language models (LLMs), and natural language processing (NLP), a new paradigm is emerging — agentic AI. This technology is not just automating tasks; it's reimagining how organizations make decisions, engage customers, and operate at scale ...

In the early days of the cloud revolution, business leaders perceived cloud services as a means of sidelining IT organizations. IT was too slow, too expensive, or incapable of supporting new technologies. With a team of developers, line of business managers could deploy new applications and services in the cloud. IT has been fighting to retake control ever since. Today, IT is back in the driver's seat, according to new research by Enterprise Management Associates (EMA) ...

In today's fast-paced and increasingly complex network environments, Network Operations Centers (NOCs) are the backbone of ensuring continuous uptime, smooth service delivery, and rapid issue resolution. However, the challenges faced by NOC teams are only growing. In a recent study, 78% state network complexity has grown significantly over the last few years while 84% regularly learn about network issues from users. It is imperative we adopt a new approach to managing today's network experiences ...

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