Dublin-based Corvil has emerged as the winner of a hotly-contested battle to provide latency monitoring technology for Morgan Stanley’s market data distribution and electronic trading infrastructure. In doing so, it beat out several competitors after undergoing several months of testing in lab conditions set up by the investment bank. Morgan Stanley plans not only to use the technology to monitor latency of its in-house systems, but also for inter-party monitoring of latency with trading execution venues that is interacts with.

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