High-Volume Stream Processor
Aleri Labs launched the Aleri Streaming Platform, a development platform for processing real-time streaming data feeds. In response to regulatory changes associated with Reg NMS, such as best execution and compliance requirements, and the surge in data message traffic from algorithmic trading, the platform offers high-volume, real-time data capture and event detection, as well as real-time data aggregation and analysis.
The Aleri Streaming Platform is good at "absorbing large amounts of information, which involves processing 100,000 plus transactions per second," according to Jeff Wootton, VP, product strategy, at Chicago-based Aleri Labs. Users can combine data from multiple live data streams as well as static databases, he adds.
While stream processing is well-suited to the trading space in which the focus is on sub-second latency, it also can be applied to broader areas such as pre-trade compliance order checking, transaction cost analysis, post-trade data collection, and analysis and risk management, according to Wootton, who notes that Aleri Labs is providing development licenses free of charge with fees only required upon deployment of operational systems. --Ivy Schmerken
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Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio
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