Aleri forms OEM partnership agreement with TraderTools

Source: Aleri

Aleri, a leading provider of enterprise-class complex event processing (CEP) technology and CEP-based solutions, announced today an OEM partnership agreement with TraderTools, a provider of business solutions, software and services to financial institutions trading FX.

TraderTools will embed Aleri's Coral8 CEP engine in its Liquidity Management Platform in order to allow the standard set of liquidity management rules to be customized for each client and to provide real-time position valuation.

"After examining several CEP engines we selected the Coral8 engine because it delivered the performance we required as well as a very rich query language that enabled us to write algorithms quickly and intuitively," said Yaacov Heidingsfeld, COO TraderTools. "Additionally, the Coral8 engine was easy to integrate and we were able to run models quickly."

Previously, TraderTools created a tailored solution for each customer based on individual trading preferences. By integrating CEP technology, TraderTools is now able to speed up application development, allowing for the creation of different sets of rules dynamically based on each customer's preferences. TraderTools customers will benefit from shorter deployment times, greater customization and low latency market analysis.

"We are delighted to welcome TraderTools to the growing community of software vendors using Aleri CEP to enhance their products," said Don DeLoach, CEO of Aleri. "By integrating our CEP engine with its Liquidity Management Platform, TraderTools will be able to quickly develop and deploy FX trading strategies that will enable banks to capitalize on real-time market opportunities."

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