Corvil Wins Best Time Synchronisation Solution at A-Team Group's RegTech Awards 2018
Corvil's UTC Traceability solution for MiFID and CAT compliance recognized for its innovation and value in accelerating customer compliance with emerging regulations
DUBLIN, Ireland, May 04, 2018 (GLOBE NEWSWIRE) -- Corvil continues to be recognized as the "gold-standard" for machine-time analytics, achieving the "Best Time Synchronisation Solution" award in the A-Team Group's RegTech Awards 2018, for its Coordinated Universal Time (UTC) Solution for MiFID and CAT Compliance.
Regulatory bodies have turned to time precision and integrity as a critical dependency for providing transparency, auditability, and accountability for algorithmic business such as digital financial transactions, including electronic trading. Under MiFID II and incoming Consolidated Audit Trail (CAT) rules, market participants must establish, demonstrate and maintain clock synchronization with a Coordinated Universal Time (UTC) source to a high degree of accuracy.
Corvil's UTC Traceability solution watches over clock synchronization integrity to assure compliance and reduce regulatory tail risk. Furthermore, it demonstrates the firm's ability to excel in agile innovation and build cost-effective solutions to extend its business and operational value to help customers respond to evolving regulatory regimes.
"We have long seen precision time-handling as the basis for establishing causality for forensics as well as accurate business transaction analysis, network and application performance management, and cyber-security," said Raymond Russell, Corvil's co-founder and CTO. "Our core platform's handling of time, short time-scale analysis, and identification of clock synchronization status by message not only provide a key asset for current and future regulatory compliance, but is proving a minimum requirement for effective digital business, cyber surveillance, and AI Ops."
Corvil has a nearly 20-year history of shaping trading and algorithmic business technology through transforming network data into intelligence for execution performance, client intelligence and experience, regulatory compliance and cyber risk surveillance. The firm's industry-leading precision in nanosecond time-stamping of every reportable event in a transaction's lifecycle goes well beyond current regulatory requirements.
Providing a solution to likely address future tightening of clock synchronization and timestamping requirements, Corvil Analytics delivers a robust, long-term solution for customers. This forward-looking capability, Corvil's de facto industry standard solution for trade performance monitoring, as well as automated daily and on-demand reporting for compliance and business teams are among the differentiators that have propelled Corvil's RegTech success. Today, Corvil proudly counts almost every major stock exchange and global bank as a customer.
"We are pleased to congratulate Corvil on their prestigious RegTech Awards 2018 win," said Laurie McAughtry, Editor at A-Team Group. "Our readership of senior trading technology executives clearly recognized Corvil's contributions to their operational, business, and compliance solutions in voting Corvil as the leading provider of Best Time Synchronisation Solution."
"We are delighted with the recognition of our UTC Traceability Solution from our peers. MiFID II and CAT are significant not only to the world of finance but to the wider business landscape as they represent a new era of digital algorithmic and AI oversight through the lens of machine-time, - where faster and smarter machine technology operates autonomously at nanosecond speed," said David Murray, Chief Marketing and Business Development Officer at Corvil. "Our expertise in this new reality of time , puts us in a strong position to address future regulatory rules as well as apply our RegTech capabilities to other algorithmic and AI powered businesses."
Corvil's strong performance in empowering firms with insight into client and trader intelligence, market data quality, order and transaction performance as well as technology performance to optimize execution, continues to garner peer recognition. In the past 12 months the firm achieved "Best Time-Stamping / Infrastructure Performance Monitoring" at Intelligent Trading Technology Awards 2017; "Best Financial Transaction Security Platform" in 2018 FinTech Breakthrough Awards while Institutional Investor recently named Corvil CEO, Donal Byrne, among world's top 25 Innovators in trading technology.
Corvil is the industry leader for deriving Security, Operational, and Business intelligence from network data. As companies adopt faster and smarter machine technology, it becomes critical to tap into richer and more granular machine data sources to safeguard the transparency, performance and security of critical infrastructure and business applications. The Corvil streaming analytics platform captures, decodes, and learns from network data on the fly, transforming it into machine-time intelligence for network, IT, security and business teams to operate efficiently and securely in this new machine world. Corvil uses an open architecture to integrate the power of its network data analytics with the overall IT ecosystem providing increased automation and greater operational and business value outcomes for its users. The Corvil solution is trusted by leading financial institutions to safeguard their businesses across the globe involving 354 trillion messages with a daily transaction value in excess of $1 trillion.
Press Office at Corvil
+353 1 859 1040
A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/b1fcbd60-7b75-44f0-b25d-40b32fb0c975
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Corvil via Globenewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
Standard & Poor’s has affirmed Arion Bank’s long term credit rating BBB+ but revised the outlook from stable to negative23.7.2019 20:32:00 CEST | Press release
Standard & Poor’s has affirmed Arion Bank’s long term credit rating BBB+ but revised the outlook from stable to negative. The Bank’s short term credit rating remains A-2. Main comments from Standard & Poor’s: The affirmation of the bank’s ratings reflects that Arion Bank maintains a solid market position in Iceland, with relatively advanced digitalized banking platforms while its exceptional capitalization counterbalances it’s geographic and loan book concentrations. Standard & Poor’s see Arion Bank as being well ahead of many other European banks in its preparation for technological disruption In a fiercely competitive environment, no longer supported by a strong economy, Icelandic banks' business prospects and earnings have become weaker. Furthermore, the role of pension funds in lending distorts Icelandic banks' competitive environment in terms of business generation and margins. Therefore it is seen as a negative trend for industry risk. Overall, economic risks for Icelandic banks
All Regulatory Clearances for Saxo Bank and BinckBank obtained to close the Offer23.7.2019 18:20:00 CEST | Press release
This is a joint press release by BinckBank N.V. (BinckBank), Star Bidco B.V. (the Offeror) and Saxo Bank A/S (Saxo Bank, pursuant to Section 4, paragraph 3 of the Dutch decree on public takeover bids (Besluit openbare biedingen Wft) in connection with the recommended public offer by the Offeror for all the issued and outstanding ordinary and priority shares in the capital of BinckBank (the Offer). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities. Any offer will be made only by means of the Offer Memorandum dated 12 March 2019 (the Offer Memorandum). This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, the United States or Canada or in any other jurisdiction in which such release, publication or distribution would be unlawful. Terms not defined in this press release will have the meaning as set forth in the Offer Memorandum. All Regulatory Cleara
Golar LNG Partners LP Cash Distributions23.7.2019 18:13:00 CEST | Press release
Golar LNG Partners LP (“the Partnership”) (NASDAQ: GMLP) announced today that its board of directors has approved a quarterly cash distribution with respect to the quarter ended June 30, 2019 of $0.4042 per common and general partner unit. This cash distribution will be paid on August 14, 2019 to all common and general partner unitholders of record as of the close of business on August 7, 2019. A cash distribution of $0.546875 per Series A preferred unit (NASDAQ: GMLPP) for the period from May 15, 2019 through August 14, 2019 has also been declared. This will be payable on August 15, 2019 to all Series A preferred unitholders of record as at August 8, 2019. Golar LNG Partners LP Hamilton, Bermuda July 23, 2019 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
EUROCOMMERCIAL PROPERTIES N.V. TRANSACTIONS BUYBACK PROGRAMME23.7.2019 18:05:00 CEST | Press release
Date: 23 July 2019 Release: After close of business Euronext Please open the following link to read the full report including annexes: Attachment Full press release
ASM INTERNATIONAL N.V. REPORTS SECOND QUARTER 2019 RESULTS23.7.2019 18:00:00 CEST | Press release
Almere, The Netherlands July 23, 2019, 6 p.m. CET ASM INTERNATIONAL N.V. REPORTS SECOND QUARTER 2019 RESULTS ASM International N.V. (Euronext Amsterdam: ASM) today reports its second quarter 2019 operating results (unaudited) in accordance with IFRS. FINANCIAL HIGHLIGHTS EUR million Q2 2018 Q1 2019 Q2 2019 New orders 175.9 235.0 373.1 Net sales 208.7 248.8 363.3 Gross profit margin % 42.1 % 41.3 % 59.0 % Operating result 38.3 47.0 150.2 Result from investments (excluding amortization intangible assets resulting from the sale of ASMPT stake in 2013) 21.6 3.1 2.0 Amortization intangible assets (resulting from the sale of ASMPT stake in 2013) (3.0 ) (3.4 ) (3.4 ) Net earnings 59.4 49.4 121.6 Normalized net earnings (excluding amortization intangible assets resulting from the sale of ASMPT stake in 2013 and result from sale of ASMPT shares) 62.4 52.8 125.0 • New orders were €373 million. Excluding €103 million related to the patent litigation settlement new orders were €270 million. • Net
Banks net position in the Riksbank23.7.2019 16:40:00 CEST | Press release
Jul 23, 2019 SEK MILLION LENDING BORROWING 271