Japan's Largest PTS Japannext Chooses Pico's Corvil Analytics to Measure and Analyze Trading Performance

Japannext, the oldest and largest Proprietary Trading Systems (PTS) in Japan with 31 active members (local and global brokerage houses), has chosen Pico's performance monitoring and analytics solution, Corvil Analytics, to enhance the performance and operation of its trading systems. Pico is a leading global provider of mission-critical technology services, software, data and analytics for the financial markets community.

Corvil Analytics is a visibility and analytics platform for monitoring member execution experience, assuring infrastructure performance, and providing trusted data and forensics to demonstrate compliance in an increasingly regulated environment. It provides Japannext with real-time insights into business management and infrastructure performance, supporting client relations, network and application operations, and troubleshooting.

Georgi Georgiev, CIO at Japannext, said: "Performance, reliability, and fairness are an absolute must for our market participants. The Corvil solution provides us with real-time data to monitor the performance of our infrastructure without impacting system performance. Corvil’s support for our trading protocols allows us to correlate data across participants, trading sessions, or market data feeds per our needs. The combination of network and business layer visibility allows us to understand the client experience and how our technology is working to support the business."

Bo Zhou, Head of APAC at Pico, said: "We are delighted Japannext has chosen Corvil Analytics to help assure the performance and operation of its trading systems. Excellence in service assurance and performance management is intrinsic to thriving in today’s competitive landscape. The depth, quality, and immediacy of the intelligence Corvil Analytics provides enables exchanges to optimize their technology performance and client interactions, thereby achieving more efficient and effective operations."

Pico has been committed to investing in its high-performance infrastructure. Last July, the company signed an agreement for a $200 million strategic investment from Golden Gate Capital​, a leading private equity investment firm.