Commerzbank Corporates and Markets (CBCM) Implements Aleri Streaming Platform for Automated Forex Pricing.CHICAGO -- Aleri, Inc. announced today that Commerzbank Corporates and Markets (CBCM CBCM Chicago Bird Collision Monitors CBCM Choice-Based Conjoint Model (conjoint analysis) ) has implemented the Aleri Streaming Platform as the basis of their new foreign exchange pricing application. Leveraging the Aleri Streaming Platform, CBCM's "FX Pricer" analyses a host of real-time information, and applies proprietary tick by tick validation logic and data cleansing See address cleansing and data hygiene. algorithms. The engine calculates CBCM's prices using a variety of Aleri functions as well as auditing all data and events. The calculated prices are interactively managed by CBCM's FX traders who have the ability to control the Aleri streams using an in-house developed user interface. CBCM selected Aleri's event processing technology based on its ability to combine functionality, performance, price and customer service. With its innovative Event Stream Processing Event Stream Processing, or ESP, is a set of technologies designed to assist the construction of event-driven information systems. ESP technologies include event visualization, event databases, event-driven middleware, and event processing languages, or complex event architecture, the Aleri Streaming Platform provides a base for rapid implementation of high performance event-driven applications, applying complex logic to incoming data in real-time with minimal added 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. . This capability has provided CBCM with a platform to meet its needs. "We had an aggressive deadline for getting this project underway, but we wanted more flexibility than an off-the-shelf product could offer," said Klaus Hoffmann, Head of Foreign Exchange, CBCM. "Aleri was able to meet our requirements. The platform had us up and running quickly, while providing the flexibility we need to deliver the performance that this market requires." "Aleri is proud that the Aleri Streaming Platform is powering such an important business process at a premier organization such as CBCM," said Don DeLoach, 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. , Aleri. "We knew going in that the evaluation process would be quite rigorous, but we were confident that the Aleri Streaming Platform would give the Bank what they were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. . We are excited by this new working relationship." About the Aleri Streaming Platform The Aleri Streaming Platform allows financial institutions to quickly and cost-effectively build applications that analyze and act on fast moving data. It is used in a variety of real-time stream processing For other uses, see Event Stream Processing. Stream processing is a relatively new, yet quite successful paradigm to allow parallel processing at never-before-seen efficiency with minimal effort. applications, including pricing, trading, marketing data enrichment enrichment Food industry The addition of vitamins or minerals to a food–eg, wheat, which may have been lost during processing. See White flour; Cf Whole grains. , order book aggregation/market depth analysis, risk aggregation, and enterprise data orchestration orchestration Art of choosing which instruments to use for a given piece of music. The sections of the orchestra historically were separate ensembles: the stringed instruments for indoors, the woodwind instruments for outdoors, the horns for hunting, and trumpets and drums for event-driven SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. . The Aleri Streaming Platform is designed to process large data volumes at very high message rate, with ultra-low latency. Innovative features include high speed disk-based data persistence, programmable FlexStreams(TM), support for changes and corrections to data, and Aleri Live OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. for multi-dimensional analysis of event data. About Aleri, Inc. Aleri is a leading provider of high performance event processing technology, the Aleri Streaming Platform. Aleri also markets the Aleri Liquidity Management System, the first enterprise application built on event processing technology and the leading real-time liquidity management system for global bank treasuries. Aleri has spent over 20 years supporting mission critical banking applications through its Aleri Global Banking business and has a customer list that includes many of the world's largest banks. Commerzbank Corporates and Markets Commerzbank Corporates and Markets (CBCM) is the integrated Corporate and Investment Banking division of Commerzbank AG. CBCM provides a broad range of Commercial and Investment Banking products to corporate and institutional clients. The business incorporates capital markets activities in credit, equities, interest rates and foreign exchange with a strong focus on derivatives and structured products. As a division of one of Germany's leading financial institutions and with the backing of a Eur 608.3bn balance sheet (31.12.06) CBCM provides clients with capital and debt raising solutions and access to a broad range of investment and risk management products across all major asset classes. |
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