Aleri partners Fixnetix on market data distribution and analysis

Source: Aleri

Aleri, the leading provider of enterprise-class complex event processing technology, and Fixnetix, a market data telecommunications company and leading European provider of low latency market data, today announced that they are partnering to provide financial institutions with the powerful combination of low-latency market data and the ability to analyze and act on it in real-time.

"We are excited to partner with a global company like Aleri," said Hugh Hughes, CEO of Fixnetix. "Together, our technologies complement our efforts to enhance financial organizations' capacity to gain an edge over competitors, improve the performance of algorithmic trading strategies, reduce implementation shortfalls, simplify data management and reduce the costs associated with market data."

Fixnetix data services shave hundreds of milliseconds off typical transmission times by delivering an optimal end-to-end solution over a dedicated high capacity Ethernet network. With access to over 55,000 global points of presence (POPs), Fixnetix provides financial firms with access to the data needed to power latency sensitive automated trading systems.

The Aleri Streaming Platform's high level authoring tools, and the versatility of its underlying event processing architecture, result in a platform that allows a company to rapidly implement and deploy the required business rules for low-latency analysis of real-time data streams along with data capture and retention for compliance monitoring and reporting. The combination of the Fixnetix data service and the Aleri Streaming Platform provides the ability for financial institutions to combine low-latency market data and trading connectivity with low-latency analysis of streaming data.

"Our partnership with Fixnetix supports our effort to provide financial organizations with cutting edge technology that will help give them a competitive edge," said Don DeLoach, CEO of Aleri. "By combining our technologies we can provide increased efficiency from the initial data feed to processing and analyzing multiple data sets, allowing clients to react and respond instantly and to minimize risk and increase competitive advantage."

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