Latency data as a competitive advantage

Latency is, of course, a marketing issue these days. To survive as a trading or execution firm, you pretty much have to be able to market yourself as a low-latency service provider and produce the data to prove it. Corvil's CorvilClear has been positioned as a tool that can help companies analyze latency issues within their companies. But what about across networks that include multiple trading execution entities.

Securities Industry News reports that Corvil has just inked deals with Credit Suisse and Turquoise to use their system to share latency information. Two other investment banks have also signed on. All of which suggests a new service, a tool to let customers analyze and monitor latency issues across all their trading options. It would seem most effective if all players could agree to divulge latency data to get a market-wide view. Apparently, some pilots are underway in the United States, as well. We'll see if anyone figures out a way to make money out of this. 

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- here's the article