Pico launches Corvil Cloud Analytics as trading industry moves into cloud

Rick Steves

“Since Corvil Cloud Analytics is software only, this accelerates our deployments and also provides an expedited avenue for proof-of-concept use cases. It’s now easier than ever for clients to access the platform so they can see firsthand what makes Corvil an industry leader in data analytics.”

Pico has launched Corvil Cloud Analytics to expand the reach and visibility of Corvil Analytics into the cloud, with an offering that is simple to scale, easy to deploy and can be up and running in hours.

Corvil Cloud Analytics measures every order, every market data tick, and every packet needed to manage real-time performance in public cloud environments. Its granular, real-time visibility allows users to understand the cause of variable performance that impacts real-time applications running in public cloud.

No CapEx costs, lead times, shipping, and installation challenges

Pico reminded that, with cloud applications, there are no hardware CapEx costs, lead times, or shipping and installation challenges. The offering is available for businesses wanting a competitive edge in the cloud.

Stacie Swanstrom, Chief Product Officer at Pico, said: “As companies look to move real-time applications to the cloud, they struggle with visibility when utilizing existing cloud monitoring solutions. There is a need for deeper visibility to fill those voids, and Corvil Cloud Analytics is the solution, providing market-leading analytics for applications running in the cloud. Corvil Cloud Analytics provides our clients with the real-time analytics required to migrate their most critical workloads to the cloud, with confidence.

“We had the vision to provide clients the same technology, visibility and rich analytics they’ve come to rely on through Corvil. Since Corvil Cloud Analytics is software only, this accelerates our deployments and also provides an expedited avenue for proof-of-concept use cases. It’s now easier than ever for clients to access the platform so they can see firsthand what makes Corvil an industry leader in data analytics.”

Corvil Cloud Analytics as exchanges bring trading into the cloud

Corvil Analytics has been serving the financial community for more than 20 years with time-stamped data capture that provides a rich data source for broader analytics and use cases, including trade analytics.

The solution caters to banks, exchanges, electronic market makers, quantitative hedge funds, data service providers, and brokers. Corvil Cloud Analytics addresses the latest trend within the industry, with exchanges partnering with the major cloud providers to bring trading into the cloud.

Corvil can now provide a single pane of glass for monitoring colocation, on-prem and cloud environments together. Corvil Cloud Analytics features visibility, granularity, analytics, and flexibility:

  • Maximum Visibility: Measures every order, every market data tick and every packet to fill the missing gap of visibility needed to manage real-time performance in public cloud environments
  • Granular Instrumentation: Provides per-packet and per-application message analytics alongside Corvil’s AppAgent to instrument internal application performance
  • Corvil Analytics: Provides all functions of Corvil Analytics including network congestion analytics for public cloud infrastructure, and per-hop trading and market data analytics for cloud-hosted deployments
  • Flexibility: Pay for only what is needed in the public cloud

Pico is a privately held company with a consortium of investors holding a minority ownership position, many of which are also clients, including Goldman Sachs, J.P. Morgan, UBS, and Wells Fargo. The firm first announced the deal to acquire Corvil in mid-2019.

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