âSell-side firms will need to adapt or replace their order routing technology to comply with these new regulations, including the need to capture sufficient data to demonstrate compliance. Aleriâs technology gives them the perfect combination of performance, flexibility and rapid deployment to address this challenge.â said Don DeLoach, CEO of Aleri.
The Aleri Streaming Platform is known for its ultra-low latency profile, making it well suited to order processing applications where speed is critical. In addition to its speed, the Aleri Streaming Platformâs high level authoring tools and the versatility of its underlying event processing architecture result in a platform that allows a firm to rapidly implement and deploy the required business rules along with data capture and retention for compliance monitoring and reporting. In addition, it provides the scalability to handle the growth in market activity that is expected to result from these new regulations.
Ian Warford, industry director for Securities and Capital Markets at Microsoft EMEA, financial Services, said: âWe are delighted to be partnering with Aleri for our MiFID Best Execution solution as this is still an area of significant concern for many financial institutions across Europe. With the growth of both systematic internalizers and multilateral trading facilities, best execution will be more difficult to prove and report, and solutions like the Aleri Streaming Platform can help organizations to achieve this in a quick and cost effective manner.â
The Aleri Streaming Platform combines high level authoring tools with a powerful relational stream processor built on a dataflow architecture. The Aleri Streaming Platform is designed to analyze and act on continuously streaming high frequency data in real-time. The authoring tools, which include a choice of languages or a visual development environment, allow for rapid application development, without sacrificing performance of the operational system.