Correlix and Aleri forge low latency alliance
First Published Tuesday, 16 June 2009 from Automated Trader : Complex Event Processing News
Correlix Latency Intelligence combines with Aleri's complex event processing platform
Shawn Melamed, CEO, Correlix: "Together with Aleri, we are addressing the needs of high frequency traders for additional automation in their trading strategies."
Correlix, Inc., a provider of Latency Intelligence solutions that monitor, measure and analyze trading execution and market-data flows in real-time, and Aleri Inc, a provider of high performance complex event processing (CEP) technology and CEP-based solutions, have announced a joint alliance. The combination of the two solutions is intended to pinpoint latency with real-time transaction optimization and enhance trading strategies.
As high frequency trading continues to grow, low-latency has become a critical parameter in developing trading strategies. Correlix and Aleri recognize this challenge and are offering Correlix Latency Intelligence with Aleri's complex event processing platform to enable traders to adapt their CEP models to enhance trading performance in real time.
"To successfully trade in today's marketplace, firms must be able to quickly respond to changing market conditions and manage latency at the granular level," said Shawn Melamed, CEO of Correlix. "Together with Aleri, we are addressing the needs of high frequency traders for additional automation in their trading strategies to gain an edge by factoring in market response time."
"By combining our CEP capabilities with Correlix's Latency Intelligence solution, we're filling an essential role in the needs of today's high speed trading environment," said Jeff Wootton, VP of Product Development at Aleri. Through this alliance, capital market firms can gain a holistic view of latency throughout the entire lifecycle of a trade and factor that into automated decision making. In addition, trading venues can use this information to attract liquidity by providing an optimized low-latency infrastructure."
- 360T and RCP announce alliance
Paul Burgess, head of strategy, RCP: “We now have the ability to provide rapid, cost-effective solutions to any bank’s internal and external STP and messaging requirements.” FX industry provider RCP, and 360T, the provider of web-based trading technology for OTC instruments, integration solutions and related services, have announced the launch of a new service for 360T’s clients, offering RCP’s solutions in conjunction with B2Hub....continued
More Like This...
You can get news like this delivered directly to your email inbox as a real-time alert or as part of a daily/weekly summary.
Click here to set your preferences now!
