Correlix, Inc., a provider of Latency Intelligence solutions that monitor, measure and analyze trading execution and market-data flows in real-time, and Aleri Inc, a leading provider of high performance complex event processing (CEP) technology and CEP-based solutions, today announced a joint alliance. The combination of the two solutions helps to pinpoint latency with real-time transaction optimization and enhance trading strategies.
As high frequency trading continues to grow, low-latency has become a critical parameter in developing trading strategies. Correlix and Aleri recognize this challenge and are offering Correlix Latency Intelligence with Aleri's complex event processing platform to enable traders to adapt their CEP models to enhance trading performance in real time.
"To successfully trade in today's marketplace, firms must be able to quickly respond to changing market conditions and manage latency at the granular level," said Shawn Melamed, CEO of Correlix. "Together with Aleri, we are addressing the needs of high frequency traders for additional automation in their trading strategies to gain an edge by factoring in market response time."
"By combining our CEP capabilities with Correlix's Latency Intelligence solution, we're filling an essential role in the needs of today's high speed trading environment," said Jeff Wootton, VP of Product Development at Aleri. Through this alliance, capital market firms can gain a holistic view of latency throughout the entire lifecycle of a trade and factor that into automated decision making. In addition, trading venues can use this information to attract liquidity by providing an optimized low-latency infrastructure."
Correlix has emerged as the leader in providing real-time analytics that identify latency at all points in a multi-tier transaction, per specific transactions. By using Correlix Latency Intelligence with their Aleri CEP Platform, traders can see an opportunity and take action on this information or take pre-emptive action before a performance problem significantly presents itself.
The Correlix Latency Intelligence with Aleri CEP capabilities is now available.