Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced that its Real-Time Services business can now deliver its broad range of real-time global market data via Aleri’s high performance complex event processing (CEP) technology platform and related solutions.
Interactive Data is supplying the data via PlusFeedSM, its low-latency, consolidated digital datafeed, to power the Aleri Streaming Platform, an advanced CEP engine that is designed to allow clients to analyze events in real-time to help them respond to changing market conditions. For instance, portfolio managers and risk management teams can analyze their risk exposure in real-time, and trading algorithms can use Aleri’s CEP engine to support real-time decision making. PlusFeed delivers low-latency data on over six million securities from more than 450 sources around the world, including multi-asset class instrument coverage and extensive Level 2 data. The feed is used by financial institutions globally to power algorithmic and electronic trading applications.
In addition, the newly developed interface can enable Aleri’s customers to benefit from PlusBookTM, Interactive Data’s consolidated order book service. PlusBook is designed to help financial institutions gain a more complete view of global market liquidity by aggregating orders across multiple venues, including those based in the U.S. market.
“Given current volatile market conditions, financial institutions need real-time agility, and our Aleri Platform can help enable them to rapidly build and deploy new applications that derive insight from streaming event data and quickly respond to changing conditions,” said Nick Deacon, European managing director, Aleri. “The depth of PlusFeed’s low-latency data coverage combined with Aleri’s CEP applications will greatly benefit our mutual customers, providing them with access to innovative risk management applications.”
“A key challenge for the financial industry is meeting new demands from regulators to address the issues identified in liquidity risk management practices. Firms will need to compile, across the organization, a wide range of highly granular data on an ‘on-demand’ basis,” added Hilary London, general manager, EMEA, Interactive Data’s Real-Time Services business. “Aleri’s new interface to PlusFeed and PlusBook can help users to better track their exposure to risk in real-time and therefore assist in their decision-making processes.”