Corvil Announces Deployment With CME Group.

NEW YORK & DUBLIN -- Corvil, global innovator of electronic trading and market data latency technologies and services, today announced that CME Group, the world's largest and most diverse derivatives exchange, has recently deployed CorvilNet, the company's latency management system. Corvil, with operations in New York, London and Dublin, serves a global client base of leading electronic market centers, liquidity venues, traders and allied service providers. CorvilNet monitors, analyzes and optimizes electronic trading infrastructures against ultra-low latency objectives encompassing market data feeds and order execution traffic.

"We are delighted with this win from the CME Group, especially given the extensive examination they performed," said Corvil CEO, Donal Byrne. "Corvil welcomes a rigorous review of CorvilNet and winning approval of CME Group, well known for its high performance standards, underscores the robustness of our technology and services that transform latency from an onerous burden into a competitive edge."

With the CorvilNet latency management system, clients specify latency objectives of their trading and market data infrastructures in terms of meaningful microsecond targets, and automatically and continuously monitor for compliance against those baselines. If latency violations occur, CorvilNet immediately alarms, performs a "smart" packet capture for deep forensics and provides immediate recommendations for optimizations to re-establish compliance. CorvilNet also measures headroom available for market surges, traffic growth and impact of new applications or customers on a network.

"A key element of our business is to provide low-latency trading and data services to our customers: CorvilNet's real-time monitoring capability and in-depth analytical tools enable us to optimize the performance of these core services," said CME Group Managing Director and Chief Information Officer, Kevin Kometer.

Corvil was introduced to CME Group by Enterprise Ireland, the government agency responsible for development and promotion of indigenous businesses. "Corvil is emblematic of Ireland's entrepreneurial vitality and we congratulate their ability to compete vigorously on a global scale," said Enterprise Ireland Executive Director, International Sales & Partnering, Gerry Murphy.

In a report issued last year, "The Value of a Millisecond: Finding the Optimal Speed of a Trading Infrastructure," industry analyst firm TABB Group estimates that 56% of all exchange revenues are exposed to latency risk up from 22% in 2003. Proliferation of electronic trading and greater emphasis on speed of execution are key drivers for this growing trend.

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About Corvil

Corvil, leader in electronic trading and market data latency management, was founded in 2000 and operates from New York, London and Dublin. The company's global client base encompasses electronic traders, major market centers, alternative liquidity destinations and service providers including market data, network/hosting and platforms. Recognized as a technology innovator in latency management, Corvil's products offer a complete solution for enhancing electronic trading, execution and market data including SLA (service level agreement) compliance, performance monitoring, event troubleshooting and infrastructure optimization. For more information on Corvil, please visit www.corvil.com