Commerzbank Corporates and Markets (CBCM) Implements Aleri Streaming
Platform for Automated Forex Pricing
CHICAGO (Business Wire EON) April 24, 2007 --
Aleri, Inc. announced today that Commerzbank
Corporates and Markets (CBCM) has implemented the Aleri
Streaming Platform as the basis of their new foreign exchange
pricing application.
Leveraging the Aleri Streaming Platform, CBCM’s
“FX Pricer” analyses
a host of real-time information, and applies proprietary tick by tick
validation logic and data cleansing algorithms. The engine calculates
CBCM’s prices using a variety of Aleri
functions as well as auditing all data and events. The calculated prices
are interactively managed by CBCM’s FX traders
who have the ability to control the Aleri streams using an in-house
developed user interface.
CBCM selected Aleri’s event processing
technology based on its ability to combine functionality, performance,
price and customer service.
With its innovative Event
Stream Processing architecture, the Aleri Streaming Platform
provides a base for rapid implementation of high performance
event-driven applications, applying complex logic to incoming data in
real-time with minimal added latency. This capability has provided CBCM
with a platform to meet its needs.
“We had an aggressive deadline for getting
this project underway, but we wanted more flexibility than an
off-the-shelf product could offer,” said Klaus
Hoffmann, Head of Foreign Exchange, CBCM. “Aleri
was able to meet our requirements. The platform had us up and running
quickly, while providing the flexibility we need to deliver the
performance that this market requires.”
“Aleri is proud that the Aleri Streaming
Platform is powering such an important business process at a premier
organization such as CBCM,” said Don DeLoach,
CEO, Aleri. “We knew going in that the
evaluation process would be quite rigorous, but we were confident that
the Aleri Streaming Platform would give the Bank what they were looking
for. We are excited by this new working relationship.”
About the Aleri Streaming Platform
The Aleri Streaming Platform allows financial institutions to quickly
and cost-effectively build applications that analyze and act on fast
moving data. It is used in a variety of real-time stream processing
applications, including pricing, trading, marketing data enrichment,
order book aggregation/market depth analysis, risk aggregation, and
enterprise data orchestration for event-driven SOA. The Aleri Streaming
Platform is designed to process large data volumes at very high message
rate, with ultra-low latency. Innovative features include high speed
disk-based data persistence, programmable FlexStreamsTM,
support for changes and corrections to data, and Aleri Live OLAP for
multi-dimensional analysis of event data.
About Aleri, Inc.
Aleri is a leading provider of high performance event processing
technology, the Aleri Streaming Platform. Aleri also markets the Aleri
Liquidity Management System, the first enterprise application built on
event processing technology and the leading real-time liquidity
management system for global bank treasuries. Aleri has spent over 20
years supporting mission critical banking applications through its Aleri
Global Banking business and has a customer list that includes many of
the world’s largest banks.
Commerzbank Corporates and Markets
Commerzbank Corporates and Markets (CBCM) is the integrated Corporate
and Investment Banking division of Commerzbank AG. CBCM provides a broad
range of Commercial and Investment Banking products to corporate and
institutional clients. The business incorporates capital markets
activities in credit, equities, interest rates and foreign exchange with
a strong focus on derivatives and structured products. As a division of
one of Germany’s leading financial
institutions and with the backing of a Eur 608.3bn balance sheet
(31.12.06) CBCM provides clients with capital and debt raising solutions
and access to a broad range of investment and risk management products
across all major asset classes.
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