Commerzbank Corporates and Markets (CBCM) Implements Aleri Streaming Platform for Automated Forex Pricing

Chicago - 23 April 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 eventdriven 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.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development