Mitsubishi deploys Aleri and Sybase technology to support algo trading

Mitsubishi deploys Aleri and Sybase technology to support algo trading

Mitsubishi UFJ Securities International is installing a tick capture platform based on technology from Aleri and Sybase to support algorithmic and strategy trading initiatives at its operations in London.

The bank's new tick capture system is based on the Aleri Streaming Platform and Sybase's Real-Time Analytics Platform (RAP).

The two vendors inked an alliance deal earlier this year that enables customers to utilise Sybase's RAP for trade-cycle management alongside the Aleri platform. In today's statement Aleri says Mitsubishi UFJ is the first firm to implement the integrated technologies, which together offer "high performance event stream processing with highly scalable and flexible data storage, manipulation and retrieval capabilities".

Mathias Caquet, of the rates trading group at Mitsubishi UFJ, says: "The fixed-income market is becoming more and more efficient, therefore we needed a technology that would enable us to detect the most brief price patterns and to back-test our strategies on large histories of intra-day data."

Commenting on the implementation, Don DeLoach, CEO, Aleri, says: "The increasing number of electronic trading venues and the developments around regulatory and compliance reporting such as regNMS in the US and MiFID in Europe has created demand for a combined event processing and scalable analytics and storage solution."

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