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OptionMonster taps Aleri CEP platform

09 December 2009  |  2462 views  |  0 Source: Aleri

Aleri, a leading provider of enterprise-class complex event processing (CEP) technology and Continuous Intelligence solutions, today announced that optionMonster Group, owner of financial media firm, optionMonster, is using Aleri CEP software for the trading platform of its subsidiary trade Monster.

trade MONSTER is a revolutionary online broker that launched in 2008 and has already gained a loyal customer base of self-directed investors and received a great deal of acclaim from the investing community. Using Aleri CEP along with other cutting-edge technologies, trade MONSTER provides a scalable, customizable and powerful online trading platform with integrated educational resources.

Unique among online brokers, trade MONSTER lets customers realize their own visions for the optimal brokerage experience by providing extensive customization in how trade, position, and market information is displayed. trade MONSTER's web-based platform does not require downloads, but gives traders the power, speed and flexibility previously only available in downloadable software. Aleri's CEP engine powers back-end market charts, trade analytics and alerting services contribute significantly to this unique trading experience. The CEP applications provide customized, dynamic information and analysis on real-time data, which allow customers to make better decisions and act upon trading opportunities.

"Aleri CEP is an essential piece of optionMONSTER's vision to bring professional-grade information, tools, and technology to the retail investor," said Dirk Mueller, Co-founder and CEO of optionMONSTER. "The advanced language and tools, and enterprise-class availability allowed us to deploy the rich, scalable, always-on market and trade analytics services our customers require."

optionMONSTER's technology team selected Aleri after an extensive evaluation of CEP products on the market. "Aleri's CEP software was better for optionMONSTER than other comparable products due to ease of use, extensible library support, and real-time query mechanism that fits well with our sophisticated push architecture in the browser" said Sanjib Sahoo, Vice President, Technology of optionMONSTER. "The Continuous Computation Language and the clustering features will ensure that we cwe can quickly build and launch a powerful event stream processor."

"optionMONSTER's advanced brokerage platform and use of CEP technology are highly unique and provide tremendous competitive differentiation," said John Morrell, VP of Marketing, Aleri, Inc. "We are pleased to provide the combination of power and ease that helps optionMONSTER Group deliver the rich information and analytics for this differentiated customer experience."

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