Aleri and OILspace Partner to Provide More Accurate Analysis and Forecasting within Energy Trading Markets.CHICAGO -- Please replace the release with the following corrected version due to multiple revisions. The corrected release reads: ALERI AND OILSPACE PARTNER TO PROVIDE MORE ACCURATE ANALYSIS AND FORECASTING WITHIN ENERGY TRADING MARKETS Aleri Inc., the leading provider of enterprise-class complex event processing Complex Event Processing, or CEP, is a technology for building and managing event-driven information systems. CEP is primarily an event processing concept that deals with the task of processing multiple events from an event cloud with the goal of identifying the meaningful (CEP CEP congenital erythropoietic porphyria. CEP abbr. congenital erythropoietic porphyria ) technology, and OILspace, a leading provider of real-time, on-demand energy supply chain, risk, and trade management applications, today announced that they have entered into a partnership. The partnership enables the fast integration of OILspace's OILwatch, an online energy portal, and OILspace's Aspect TradeFlo, an "out-of-the-box" online trade management software, with Aleri's CEP technology. Integrating Aleri's CEP technology with OILspace's proprietary products will provide customers and prospects with the added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. decisions using real-time and historical data. "Other trading markets take advantage of, and have experienced the benefits of real-time analysis combining real-time and historical data," said Don DeLoach, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Aleri. "By partnering with OILspace, together we will provide the first CEP applications specifically designed for the energy trading industry in order to provide more timely and accurate analysis and forecasting." Oil trading by nature has been a tumultuous and risky market. By integrating Aleri's CEP technology, traders will be able to make better, more timely decisions trading energy commodities to improve profitability and better manage risk. CEP will enable oil traders to aggregate, analyze and correlate real-time and historical data from multiple sources, to improve operations in many areas. The rapid deployment and flexibility that Aleri provides enables trading companies to quickly react to market fluctuations, automating their proprietary knowledge and processes for a competitive edge. OILwatch, which is already widely used by energy traders, oil companies, brokerage houses, and financial institutions globally on desktops, mobile PDAs and BlackBerry blackberry, name for several species of thorny plants of the genus Rubus of the family Rosaceae (rose family). See bramble. blackberry devices, combined with Aleri enables real-time analysis anytime, anywhere. Aspect TradeFlo is a ground-breaking simplified trade management solution for small trading and brokerage groups and individual traders. It delivers needed position keeping tools for a fraction of the cost of enterprise trading systems The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. and can be implemented in just a few days via the Web. Integrating Aleri's CEP platform with Tradeflo will enable clients to quickly and easily customize trade flow around their proprietary trading Proprietary Trading When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades. knowledge and practices. "We are constantly looking to develop our technology in ways that better manage the trading, risk and financial operations of our clients," said Steve Hughes Steve Hughes is an Australian musician and stand-up comedian. Originally becoming famous as the drummer for Australian thrash metal band Slaughter Lord, Hughes moved to the UK in 2002 to begin his work in stand-up. , OILspace President and CEO. "Partnering with an experienced and proven CEP provider like Aleri will allow us to provide our customers with a value-added solution that allows them to analyze and respond instantly to high-volume, high-speed data to minimize risk and increase competitive advantage." About Aleri Aleri is the leading provider of enterprise-class complex event processing technology for financial institutions and beyond. Aleri's superior Streaming Platform is backed by the company's deep background and knowledge gained over 20 years of supporting mission critical banking applications for the world's largest banks and close to 10 years of pioneering research in the field of event processing. The Aleri Platform was designed from the ground up to provide the most robust architecture available for the rapid implementation of mission critical applications within the most demanding environments. Built for high throughput with minimal latency (1) The time between initiating a request in the computer and receiving the answer. Data latency may refer to the time between a query and the results arriving at the screen or the time between initiating a transaction that modifies one or more databases and its completion. , Aleri's event processing technology allows customers to analyze and respond instantly to high-volume, high-speed data to minimize risk and increase competitive advantage. Aleri is the first to develop and deploy a commercial enterprise-class application built on event processing technology, the Aleri Liquidity Management System, which is used by some of the largest global bank treasuries in the world. Aleri is a global company headquartered in Chicago with offices in New Jersey, London, and Paris. For more information, visit www.aleri.com. About OILspace OILspace is a leading global provider of real-time on-demand, web-based applications See Web application. for energy marketing and supply operations. Launched in 1999, OILspace solutions now run through over 400 companies of all sizes and roles within the energy supply chain. OILspace has a proven track record for delivering scalable solutions that produce measurable returns-on-investment (ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ). About OILwatch Energy buyers, sellers, traders, and analysts rely on OILwatch as a trusted, single source to view critical oil, natural gas, petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. , refined products, metals and other commodity news and pricing benchmarks essential for making minute-by-minute financial decisions. Its intuitive interface allows users to easily browse through panels of market data to swiftly track, chart and forecast transactions; and identify risks, trends and profitable opportunities ahead of competitors. OILwatch allows companies to save money traditionally spent on implementing, integrating and maintaining complex, multiple legacy systems. It's fully web-based with unparalleled service reliability, providing essential market visibility while in the office or traveling via handheld wireless PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). and BlackBerry devices. |
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