Exane BNP Paribas Chooses Corvil to Safeguard Its Electronic Trading Environment06.17.2016
Marketwired – IRELAND – Corvil, the leading analytics company for financial markets, announced that Exane BNP Paribas, a European broker dealer, is using the Corvil platform to assure the strength and performance of its electronic trading businesses and to support compliance with upcoming regulatory requirements such as MiFID II. ExaneBNP Paribas’ decision to integrate Corvil is part of a strategy to deliver a best of breed trading platform, and has enabled achieving a near-100% hit rate within their SuperSOR Smart Order Router.
“Based on its strong reputation within the industry, Corvil had been on our radar for some time,” said Antoine Baptiste at Exane BNP Paribas. “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.”
Corvil’s ability to see, decode and analyze end-to-end trading transactions, market data and algorithmic activity, as they are happening and without impacting the performance of critical applications, has led to its use as a critical component of digital businesses of all kinds worldwide.
Corvil is recognized for its extensive experience working with leading financial institutions and its ability to offer the only real-time view of a business at the level of granularity demanded by electronic trading regulators. The Corvil platform’s expanding popularity in 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 reporting.
“Exane BNP Paribas is a respected global investment company with over two decades in specialized financial services,” said Donal Byrne, CEO of Corvil. “Our continued work with organizations 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 safeguards business in a digital world. We see a future where all businesses trust digital machines to algorithmically conduct transactions on their behalf. For some businesses, this future is now. We provide big data analytics products that examine digital machine communications, in machine time, and apply analytical and statistical methods to deliver new levels of trusted, streaming intelligence needed by business, IT and security operations teams to safeguard the transparency, performance, and security of critical business applications and services. Corvil was forged on Wall Street, where it is trusted by leading financial institutions to safeguard their businesses in a digital world.
About Exane BNP Paribas
Founded in 1990, Exane is an investment company specialising in Cash Equities, Derivatives and Asset Management. Since 2004, the Cash Equities business has been underpinned by an operational partnership with BNP Paribas: Exanehas exclusivity on European equities and operates under the brand Exane BNP Paribas.
With 56 professionals in Sales Trading & Trading and 40 in Quant and Execution Technology, Exane BNP Paribas is one of the fastest growing pan-European execution franchises for institutional clients. Its strong historic High Touch DNA is complemented by a cutting edge Electronic platform based on three core pillars: transparency, customisation and anonymity.
On the advisory side, Exane BNP Paribas’s 100 analysts cover over 600 stocks and are ranked 2nd in Europe in the 2016 Extel Survey, having been 3rd in 2015 and 4th in 2014 and 2013. They are complemented by a 50 strong Sales and Specialist Sales team.
The two-day UK market wide simulation exercise involved 50 regulated firms and the financial authorities.
Exchange group can integrate crypto and fiat legs into overall analysis and monitoring.
Brokers need to bolster protection against the "account intrusion" threat.
The Crypto Assets and Cyber Unit in the Division of Enforcement will grow to 50 dedicated positions.
Participants included over 1,000 representatives from more than 20 countries.