Business Services Industry
Interactive Data Provides Real-Time Data for Aleri’s Range of Complex Event Processing Solutions
Business Wire, June 24, 2009
NEW YORK & LONDON -- Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced that its Real-Time Services business can now deliver its broad range of real-time global market data via Aleri’s high performance complex event processing (CEP) technology platform and related solutions.
Interactive Data is supplying the data via PlusFeedSM, its low-latency, consolidated digital datafeed, to power the Aleri Streaming Platform, an advanced CEP engine that is designed to allow clients to analyze events in real-time to help them respond to changing market conditions. For instance, portfolio managers and risk management teams can analyze their risk exposure in real-time, and trading algorithms can use Aleri’s CEP engine to support real-time decision making. PlusFeed delivers low-latency data on over six million securities from more than 450 sources around the world, including multi-asset class instrument coverage and extensive Level 2 data. The feed is used by financial institutions globally to power algorithmic and electronic trading applications.
In addition, the newly developed interface can enable Aleri’s customers to benefit from PlusBookTM, Interactive Data’s consolidated order book service. PlusBook is designed to help financial institutions gain a more complete view of global market liquidity by aggregating orders across multiple venues, including those based in the U.S. market.
“Given current volatile market conditions, financial institutions need real-time agility, and our Aleri Platform can help enable them to rapidly build and deploy new applications that derive insight from streaming event data and quickly respond to changing conditions,” said Nick Deacon, European managing director, Aleri. “The depth of PlusFeed’s low-latency data coverage combined with Aleri’s CEP applications will greatly benefit our mutual customers, providing them with access to innovative risk management applications.”
“A key challenge for the financial industry is meeting new demands from regulators to address the issues identified in liquidity risk management practices. Firms will need to compile, across the organization, a wide range of highly granular data on an ‘on-demand’ basis,” added Hilary London, general manager, EMEA, Interactive Data’s Real-Time Services business. “Aleri’s new interface to PlusFeed and PlusBook can help users to better track their exposure to risk in real-time and therefore assist in their decision-making processes.”
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a leading global provider of financial market data, analytics and related solutions to financial institutions, active traders and individual investors. The Company's businesses supply real-time market data, time-sensitive pricing, evaluations and reference data for millions of securities traded around the world, including hard-to-value instruments. Many of the world's best-known financial service and software companies subscribe to the Company's services in support of their trading, analysis, portfolio management and valuation activities. Interactive Data, headquartered in Bedford, Mass., has approximately 2,400 employees in offices located throughout North America, Europe, Asia and Australia. Pearson plc (NYSE: PSO; LSE: PSON), an international media company, whose businesses include the Financial Times Group, Pearson Education, and the Penguin Group, is Interactive Data Corporation's majority stockholder.
Interactive Data’s Real-Time Services business is a leading provider of real-time global market data to financial institutions, redistributors and online financial portals worldwide. Offerings from Interactive Data include PlusFeedSM, a consolidated, low-latency digital datafeed. Also managed as part of this group is Interactive Data’s Managed Solutions business, a leading provider and operator of customized financial market information systems.
For more information about Interactive Data Corporation and its businesses, please visit www.interactivedata.com.
Interactive DataSM and the Interactive Data logo are service marks of Interactive Data Corporation. PlusFeedSM is a service mark of Interactive Data Real-Time Services.
About Aleri
Aleri, a leading provider of enterprise-class complex event processing (CEP) technology and CEP-based solutions, provides a high performance platform to quickly build and deploy real-time applications that can analyze and respond instantly to high-volume, high-speed data to minimize risk and increase competitive advantage. In March of 2009 Aleri merged with Coral8, combining two leading providers of CEP technology to expand market reach and increase the speed of innovation for next-generation, real-time event processing technology and solutions. The combined product family offers a comprehensive software suite for developing, implementing and delivering real-time analytics and Continuous Intelligence™ for time-critical business decisions.
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