Commerzbank's corporates and markets division (CBCM) has implemented a data streaming platform from New York based Aleri as a base for a new foreign exchange pricing application.
CBCM's 'FX Pricer' analyses a host of real-time information, and applies proprietary tick by tick validation logic and data cleansing 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.
Klaus Hoffmann, head, FX, CBCM, says: "We had an aggressive deadline for getting this project underway, but we wanted more flexibility than an off-the-shelf product could offer."