Wall Street Systems And Aleri Will Use CEP Technology In Order To Enhance FX Trading Application

Wall Street Systems (Wallstreet), the provider of treasury, trading and settlement applications and services, and Aleri Inc., a provider of enterprise class complex event processing (CEP) technology, today announced that Wallstreet has enhanced its FX trading application with Aleri CEP

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Wall Street Systems (Wallstreet), the provider of treasury, trading and settlement applications and services, and Aleri Inc., a provider of enterprise-class complex event processing (CEP) technology, today announced that Wallstreet has enhanced its FX trading application 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 Aleris CEP technology, delivering sustained processing of 3,150 deals per second in a volatile market,” says Tony White, managing director, product and R&D at Wall Street Systems. “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. 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 applications. Wallstreet FX allows financial institutions to more efficiently manage their trade lifecycle. Integrating Aleri CEP technology within Wallstreet FX provides a low-latency applicationthat 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,” says Don DeLoach, CEO of Aleri. “In todays 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.”

D.C.

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