GFI Group signs for Aleri real-time risk monitoring technology

Source: Aleri

Aleri, a leading provider of enterprise-class complex event processing (CEP) technology and CEP-based solutions, today announced that GFI Group, a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities, will deploy Aleri's Real-Time Risk (RtRisk) Monitoring solution that combines CEP and Live OLAP technology to gain immediate insight into their pre- and post-execution risk.

"We looked at several other options and concluded that Aleri's RtRisk Monitoring solution was the best fit," said Brian Farrelly, Operations Strategic Projects Director, at GFI. "We believe we shall be able to easily and quickly integrate the Aleri solution into our existing enterprise architecture, allowing us to aggregate data from across all businesses and products providing an immediate comprehensive view of our overall market and credit risk."

With Aleri's RtRisk Monitoring solution, GFI will be able to consolidate and analyze positions both periodically and in real-time to help identify unacceptable levels of exposure along a number of configurable dimensions, including counterparty, trader, asset class, region and industry sector. The solution will give GFI the unique ability to determine the underlying cause of the exposure right down to individual trades.

"Credit and market exposures are often managed by a number of different systems making monitoring and maintaining critical market and credit risk data a challenge for some firms," said Don DeLoach, CEO of Aleri.

"We are happy that we are able to provide GFI with an easy solution that allows them to see all exposures and concentrations in one view, business section-wide or globally."

The need to manage and have "Continuous Intelligence" about risks being taken is absolutely vital. In the current, highly volatile market, events can occur and evolve in a matter of minutes and it's the first to respond to adverse events that are best placed to weather such events.

Additionally, it is also essential to have a holistic view of all aspects of Counterparty, Market and Credit Risk. Aleri's RtRisk Monitoring solution framework provides comprehensive tools to enable firms like GFI to map Counterparty Interrelationships to better understand their potential exposure to Systemic Risk. It employs the latest CEP and Live OLAP technology to enable clients to achieve a holistic vieew of their exposure in a flexible, timely and cost effective manner.

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