Wall Street Systems Announces Partnership With Aleri to Enhance its FX Trading Solution with CEP Technology

Wall Street Systems (Wallstreet), the global provider of treasury, trading and settlement solutions and services, and Aleri Inc., a leading provider of enterprise-class complex event processing (CEP) technology, today announced that Wallstreet has enhanced its FX trading solution with Aleri CEP technology to provide real-time FX position management for its highest volume clients. The explosive growth in FX volumes has moved the latency problem from execution to trade processing systems, and the introduction of CEP technology has proved to be the fastest and most cost effective way of dealing with this issue.

“We were impressed with the ease of integration and performance of Aleri’s CEP technology, delivering sustained processing of 3,150 deals per second in a volatile market. We were able to integrate and leverage the Aleri platform in a non-intrusive way, with no re-engineering and minimal development -a testament to the adaptability of their technology,” said Tony White, managing director, product and R&D at Wall Street Systems. “The platform opens up new processing paradigms, specifically in relation to the prioritization of trades that matter, as well as real-time aggregation, averaging and algorithmic netting.”

Wall Street Systems is the market leader in foreign exchange trade processing and is widely recognised for its global back-office solutions. Wallstreet FX allows financial institutions to more efficiently manage their trade lifecycle. Integrating Aleri CEP technology within Wallstreet FX provides a low-latency solution that can process fast moving data streams in real-time with the ability to analyze unrelated data and events, detect patterns and relationships, and trade in milliseconds.

“We are excited to continue extending our relationship with Wallstreet by integrating our CEP technology with Wallstreet FX,” said Don DeLoach, CEO of Aleri. “In today’s rapidly-moving and fragmented FX market, banks need a fast and easy way to access multiple liquidity venues in order to establish the right price and depth. By integrating our CEP platform with Wallstreet FX, banks will gain a holistic view of the market which will enable them to deploy FX trading strategies across fragmented liquidity pools and quickly capitalize on real-time market opportunities.”