London-based investment firm Quant Capital has deployed Aleri's complex event processing (CEP) technology to support its algorithmic trading strategies and minimise execution latencies.
Richard Schuhmertl, CEO of Quant Capital says the adoption of a real-time rapid response technology has become a strategic imperative for firm's trading in today's fast-paced, computer-driven markets.
He says Aleri was selected for its "powerful CEP engine and performance capabilities as well as added benefits like their visual optimization features".
The Aleri CEP platform provides visual modeling tools that enable trading firms to quickly define the data flow, operations and computations that need to be performed against orders and market data for low latency execution.
Don DeLoach, CEO and president of Aleri, says that by using the firm's CEP platform algorithms can be implemented in hours or days, rather than traditional development cycles that take months, and they can be quickly deployed into production.
"The volatility and fragmentation of today's markets present new trading challenges and Aleri's low-latency platform helps address these issues through rapid implementation of new algorithms," he says.
The market for CEP engines has become increasingly competitive, marked by Sybase's recent entry into the business and last year's merger agreement between Aleri and rival vendor Coral8.