NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) — Pico, a leading global provider of mission-critical technology services, software, data, and analytics for the financial markets community, today announced the release of Corvil Analytics 10.0 software. Announced general availability. This latest version leverages groundbreaking internal research in machine learning (ML) and artificial intelligence (AI) to enable proactive notifications and natural language descriptions to identify performance-impacting events, abnormal Correlate events and extreme events that impact trading results and infrastructure performance.
Corvil Analytics is widely deployed across the financial services community, delivering critical performance and actionable business insights to trading infrastructure and IT operations, as well as teams focused on trade coordination and regulatory compliance. Additionally, data scientists and quantitative analysts are equipped with advanced tools for detailed data analysis and operational support. A single Corvil Analytics appliance deployed in these environments scales to provide up to 7.5 million data points each day. Corvil Analytics 10.0 applies research in ML/AI techniques related to data patterns, volume, and performance challenges in the financial services space. The resulting innovation is his new 10.0 feature that automatically identifies, correlates, and explains the root causes of the most important events impacting your business.
“The Corvil Analytics 10.0 release represents a significant milestone in our continued research and innovation in the platform. Years of research in ML/AI technologies by our data science team has enabled us to improve trading infrastructure and enterprise IT infrastructure. Now you have the ability to automatically detect business-impacting events in your structure. Ken Jinks, Pico's Managing Director of Product Management, said: “And proactively detecting these events in real time is just the first step. Highlighting other correlated events and describing that event in natural language helps all users understand the fundamentals. Cause analysis can be quickly understood and communicated to all stakeholders, resulting in definitive corrective action.”
Corvil Analytics 10.0 is a major software release that also introduces:
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Enhanced user experience – Smarter analysis tooltips, flexible comparison of business periods, A new customer portal that provides access to software updates, documentation, support tickets, webinars, and knowledge base articles.
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Lower cost of ownership – Enhanced configuration features make Corvil easier to set up, improve accuracy, and lower cost of ownership.
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Advanced timestamp options – Corvil now supports frame start timestamps to address the needs of trading applications where specific timing is critical for real-time performance analysis.
Corvil Analytics is trusted by the world's largest banks, exchanges, electronic market makers, quantitative hedge funds, data service providers, and brokers. The Corvil Analytics platform has been around for over 20 years and continues to improve its ability to extract and correlate technology and transaction performance intelligence from dynamic network environments. With this release of Corvil Analytics 10.0, we continue our investment in the platform and focus on the unique patterns in data in the financial services market to intelligently identify events of interest, improve the user experience, and address these complexities. Reduce cost of ownership/configuration in environments with
The Corvil Analytics 10.0 release will be available for download and deployment starting May 1st.cent Via Pico Client Portal.
Register now to learn more about Corvil Analytics 10.0 in an upcoming webinar hosted by Pico on May 2, 2024 at 10am ET. 3pm BST.
About Pico
Pico is a leading global provider of technology services for the financial markets community. Pico's technology and services power the mission-critical systems of global banks, exchanges, electronic trading firms, quantitative hedge funds, and financial technology service providers. Pico offers a best-in-class portfolio of innovative, transparent, and low-latency market solutions combined with an agile and professional service delivery model. Instant access to financial markets is provided through PicoNet™, a globally comprehensive network platform natively equipped with Corvil to generate analytics and telemetry. Clients choose Pico when they want the freedom to move quickly and create operational advantage in the fast-paced world of financial markets.
For more information about Pico, please visit https://www.pico.net.
Contact Information:
pico press office
pr@pico.net
